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Hiring by foreign firms in S. Korea to decline by 50 percent in second half

SEOUL -- Foreign companies in Korea are expected to hire only half the number of new university-graduates in the second half of this year compared to the same period last year, data showed.

Of 72 firms recently surveyed by online job search portal Job Korea, about 20 foreign companies, or 27.8 percent, said that they plan to hire university graduates.

Among the rest, 63.9 percent answered that they have no plans of new employment and 8.3 percent said it is not decided yet. In the same survey conducted earlier this year, 15.2 percent of the companies had said that they will hire new employees in the first half of this year.

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