Hunt housing jobs for jobs seekers
Posted On August 6, 2021
Hunt housing vacancies for job seekers are growing in Korea, with employers offering job hunt vacancies in some housing sectors, as the country struggles with its housing bubble.
The country has seen a huge rise in job hunting in recent months, with firms offering vacancy vacancies to prospective employees, according to data compiled by the Korea Employers’ Association.
The industry has expanded rapidly since June last year, when Korea’s housing market crashed, sending millions of residents into the cold.
A new law in December aimed to curb job hunting, and has seen the number of vacancies in rental properties skyrocket.
The government said the law was aimed at deterring job-hunting firms from taking advantage of people’s desperation to find housing.
But some job hunting firms have been able to find new customers by offering vacancies, and the industry is expected to continue to grow in the coming months.
“We are seeing an increase in the number [of vacancies] for housing jobs,” said Lee Jung-hyung, a manager at a property management firm.
“The number of vacant homes in the country has increased by 40 percent in the first six months of the year.”
Korea has the third-highest vacancy rate in the world, according an industry report last year.
The shortage of housing is one of the main drivers of the country’s high unemployment rate, which has climbed to more than 25 percent from just 5 percent in 2009.
A nationwide unemployment rate of more than 11 percent was the highest in the OECD in December.
Many housing companies have struggled to keep up with the housing boom, which the government has encouraged in the past.
In a move to stem job hunting and boost job-seekers’ confidence, the government announced new measures in May to restrict job-hunt firms from offering vacancies.
The measures will limit the number and types of jobs that companies can advertise for, limit the hours they can advertise vacancies and require them to post vacancies on the company’s website.
In June, the number one reason for people applying for housing vacancies in Korea was that they wanted to live closer to their jobs.
“The government is looking at housing as a major source of employment for job-seeking workers, which can be achieved through job hunting,” said Jeong Sung-suk, president of the Korea Housing Association, an association representing housing companies.
The Korean economy has grown rapidly in recent years, with companies adding more than 60 million jobs during the past five years.
The country has added nearly 1.5 million jobs since 2014.
Job hunting is also a big issue in other OECD countries.
Job-hunters in Italy, Spain and the Netherlands were among the first to be targeted in a crackdown on job-shopping.
Italy is now the country with the highest number of job-market vacancies, according a survey released last month by the OECD.
In Spain, the industry was targeted by a law that has seen it shut down some of its most lucrative vacancies.
In Italy, the law, which was passed in December, requires companies to disclose their vacancies to job-search sites and to post them on the companies’ websites.
But it did not explicitly prohibit vacancy-hunter websites, which are often used by job-seeker-hunts to find apartments.
“In the Netherlands, the legislation has resulted in a dramatic decrease in vacancies,” said Jeanette Hirschfeld, a researcher with the European Union’s Europewide Centre for Job and Migration Studies.
“They are now offering vacancies at a rate comparable to the United States.”
The United States is also seeing a surge in vacancy-seeking, with the number going up by almost 20 percent in recent weeks.
The number is on the rise, according the OECD, with many job-suckers searching for apartments in the U.S. for the first time since the recession hit in 2007.
In February, a study by the University of California, Los Angeles, showed that job-spotting websites in the United Kingdom and the United Arab Emirates were the top source of job vacancy referrals for the second consecutive month.
“It’s hard to see where this [number] is going to go.
It’s going to stay up for a while,” said Daniel Eberhart, the author of the study.
Job searching in Korea has also taken a hit, as a surge of new arrivals from the United Nations and South Korea in recent days has put pressure on housing vacancies.
Last week, a new wave of new migrants arrived in the Korean capital of Seoul, bringing with them more than 5,000 vacancies, bringing the total number of housing vacancies to 1.9 million.