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Avg. conglomerate employee has worked 10 yrs: data

All News 11:21 April 05, 2017

SEOUL, April 5 (Yonhap) -- The average employee at South Korea's 10 biggest conglomerates has worked 10 years as of last year, with Hyundai Heavy Industries Group topping the list with 15.7 years, government data showed Wednesday.

Hyundai Kia Automotive Group came in second with 12.7 years, trailed by Hanwha Group with 12 years, Lotte Group 9.7 years, SK Group 9.4 years, Samsung Group 9.3 years, Doosan Group 9 years, LG Group 8.6 years and GS Group 7.5 years, according to the data released by the Financial Supervisory Service (FSS).

By company, Kia Motors Corp. was at the forefront with 20.3 years, followed by Hyundai Rotem at 20.0 years, Hyundai BNG Steel at 19.4 years and Hyundai Motor Co. at 17.5 years.

The four companies belong to Hyundai Kia Automotive Group.

Next came Hanwha Life at 16.6 years, Hyundai Mipo Dockyard at 16 years, Hyundai Heavy Industries at 15.4 years, Korean Air at 14.9 years, LG Hausys at 14.8 years and Doosan Heavy Industries & Construction at 14 years.

Industry sources say good job security at the companies established decades ago prompted the workers to stay longer.

Kia Motors Corp. was the oldest company, established in 1944.

Hanwha Life, established in 1946, came next, followed by Korean Air and Doosan Heavy Industries & Construction both in 1962, Hyundai BGN Steel in 1966, Hyundai Motor Co. in 1967, Hyundai Heavy Industries in 1973 and Hyundai Mipo Dockyard in 1975.

The average employee at Hyundai Heavy Industries worked 15.4 years as of last year, down from 18.2 years in 2011 as the company's payroll dropped to 23,077 last year from 24,948 five years ago amid the country's shipyards struggling to muddle through declining new orders.

Avg. conglomerate employee has worked 10 yrs: data - 1


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