|TITLE||S. Korea's public sector hires over 9,000 new workers in H1|
South Korea's public sector hired 9,482 new workers in the first half of 2015 as state firms and organizations bolstered employment that is critical for sustainable growth, the government said Thursday.
The total represents 55 percent of their annual target of 17,000 jobs and is 8.8 percent larger than the number of workers hired by the public entities in the first six months of 2014, the finance ministry said.
"At the current pace, the public entities are expected to overshoot their annual hiring target," the ministry said.
The ministry has been actively pushing state-controlled corporations to hire more employees by encouraging them to adopt a wage peak system. The system calls for giving less work and fewer wages to people facing retirement, with the money saved being used to hire more workers.
As of the end of the second quarter, there are some 287,000 people working in the public sector, a gain of 7,063 compared with the year before. Numbers have been rising steadily for the past five years.
The Korea Railroad Corp. ranked No. 1 in terms of workforce size with 27,981 employees, followed by the Korea Electric Power Corp. with 20,693 and the National Health Insurance Corp. with 12,857.
The finance ministry said in the second quarter, some 42,455 public-sector workers made use of flexible working hours, up a sharp 25 percent from a year earlier.