SEOUL, July 18 — Attracted by social prestige and the lure of money, new graduates have long envisioned themselves working in finance. But in South Korea, young people no longer...
In South Korea , young people no longer dream of a career in this sector, where long working hours and high pressure remain the norm. — ETX Studio picSEOUL, July 18 — Attracted by social prestige and the lure of money, new graduates have long envisioned themselves working in finance. But in South Korea , young people no longer dream of a career in this sector, where long working hours and high pressure remain the norm.
There are many reasons for these resignations, but most of them have to do with the corporate culture of the banking sector. In South Korea, as elsewhere, financial professions are notoriously demanding. The culture of “overwork” is omnipresent. These sacrifices are, of course, offset by high salaries. Employees of South Korea’s five biggest banks earn, on average, more than 100 million won a year, according to the Korea Times. And that’s not counting bonuses and other incentives.
They refuse to let their physical and mental well-being suffer as a result of their working life, and aspire to greater freedom. But in banking, it’s all about discipline.
Banking Sector Financial Sector Career Social Prestige Gen Y Gen Z
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Flight MH17’s journey from Amsterdam to infinity: July 2014 to July 2024THE HAGUE, July 16 — Here is a relook at the most important developments in the tragedy of the Malaysia Airlines plane bound for Kuala Lumpur in Malaysia from the day of its...
Read more »
Media: Senior North Korean diplomat defects to South amid Cuba ties shake-upSEOUL, July 16 — A senior North Korean diplomat based in Cuba defected to South Korea in November, a South Korean newspaper said today, becoming the highest-ranking North Korean...
Read more »
Risda smallholders income up 40% as of May, Dewan Rakyat toldSEOUL: A major traffic accident occurred near Seoul’s City Hall Station in Jung-gu on Monday (July 1), killing at least nine pedestrians and injuring four others, according to fire authorities.
Read more »
Flood alert: Number of evacuees in Sabah rises to more than 450SEOUL: A major traffic accident occurred near Seoul’s City Hall Station in Jung-gu on Monday (July 1), killing at least nine pedestrians and injuring four others, according to fire authorities.
Read more »
Dewan Rakyat observes moment of silence to mourn passing of late Syed HusinSEOUL: A major traffic accident occurred near Seoul’s City Hall Station in Jung-gu on Monday (July 1), killing at least nine pedestrians and injuring four others, according to fire authorities.
Read more »
MMA survey does not reflect actual MOH staffing needs, says Dr DzulSEOUL: A major traffic accident occurred near Seoul’s City Hall Station in Jung-gu on Monday (July 1), killing at least nine pedestrians and injuring four others, according to fire authorities.
Read more »