City
Epaper

Women account for some 25% of major S.Korean firms' workforce

By IANS | Updated: March 7, 2022 10:41 IST

Seoul, March 7 Female workers account for nearly a quarter of all employees with major South Korean companies, ...

Open in App

Seoul, March 7 Female workers account for nearly a quarter of all employees with major South Korean companies, with their pay amounting to nearly 70 per cent of that for male counterparts, data revealed on Monday.

The country's 150 key companies hired about 199,700 women workers as of end-2020, or 24 per cent of their combined workforce at 831,100, according to corporate tracker Korea CXO Institute.

The data is based on their 2020 business reports, and the companies cover top 10 companies in 15 industries in Asia's fourth-largest economy, Yonhap News Agency reported.

The distribution industry had the highest ratio of female workers at roughly 54 per cent, followed by financial firms with some 50 per cent and the food industry with about 44 per cent.

Steelmakers had the lowest rate of 4.7 per cent, trailed by automakers with 5.5 per cent and the machinery sector with 6.1 per cent.

The institute also said the average pay of female workers at those leading companies amounted to 68 per cent of the median wage for male employees.

Companies in the textile industry registered the lowest gender wage gap with the ratio reaching 86.6 per cent, with construction companies having the highest difference with the percentage coming to 57.4 per cent, according to the Korea CXO Institute.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Korea cxo instituteasiaseoulYonhap News AgencySouth asia regional connectivity
Open in App

Related Stories

HealthCovid-19 Surge In Asia: Could the JN.1 Variant Spark a Global Resurgence?

InternationalSouth Korea: 7 Injured After KF-16 Fighter Jet Accidentally Drops 8 Bombs in Residential Area of Seoul

NashikNashik Resident’s Mahalaxmi Decor Features Impressive Collection of Global Currencies (See Pics)

InternationalTragic Hotel Fire in South Korea Claims Seven Lives, Investigation Underway (Watch Video)

BusinessBloodbath on Asian Indices, Markets in Red Amid Bank of Japan’s Rate Hike and Yen Appreciation

Politics Realted Stories

MaharashtraNCP Leader Suraj Chavan Shares Alleged Black Magic Video of Shiv Sena Leader Bharat Gogawle Amid Row Over Raigad Guardian Post

MaharashtraMaharashtra Politics: Raj Thackeray Meets CM Devendra Fadnavis at Taj Lands End Amid Rumours of MNS–Sena UBT Alliance

MaharashtraMaharashtra Municipal Elections 2025: Mahayuti Alliance to Contest Civic Body Polls Together, Says CM Devendra Fadnavis

Maharashtra'Remembered the Advice My Mother Gave Me': Supriya Sule On Her WhatsApp Status

Maharashtra'Will Give News Soon': Uddhav Thackeray's Big Statement on Possible Alliance of Shiv Sena UBT and MNS