[Infostock Daily = Reporter Kim Jong Hyo] More than 37,000 venture companies in Korea are generating more employment than the 4 major conglomerates such as Samsung, Hyundai Motor, LG, and SK.
"The employment of 34,000 venture companies that agreed to provide employment information is 667,000, which is comparable to 690,000 full-time workers at the nation's 4 largest conglomerates," said Park Young-sun, minister of SMEs and Startups on the 4th. "Considering the average number of employees who did not agree to provide employment information, about 730,000 jobs are expected to be created."
The Ministry of SMEs and Startups announced the results of its first full investigation into the employment status of 34,038 venture companies that agreed to provide employment information to the Korea Employment Information Service. The employment status of these venture companies recorded 667,699 as of June, up 27,319 from the same period last year. Including 3,485 companies that did not agree to provide employment information in consideration of the average 19.6 employees of venture firms, the Ministry of SMEs and Startups predicts the total number of employees will increase to 730,000 people.
Information and communications and manufacturing, wholesale and retail, professional science and technology services accounted for 94.5% of the total increase in venture firms' employment. In particular, the wholesale and retail industries saw a large increase in employment, mainly in non-face-to-face related industries. Kurly had the most job creation in the past year with 454, Fresheasy 170 and Dholic Commerce 112.
In addition to venture firms in the wholesale and retail sectors, the employment growth rate of non-face-to-face venture companies was 8.9 %, about three times higher than that of face-to-face companies(3.0%). The average increase in employment per company is 1.9 non-face-to-face companies, compared to 0.5 for face-to-face companies.
Non-face-to-face companies were also excellent in creating jobs for companies that received venture investments. The employment status of companies that received venture investment in the first half of this year was 21,953, up 2,470 from December last year. The average increase in non-face-to-face companies' employment was 4.3, compared with a 3.6 increase in overall employment. The employment effect of 1.5 people in face-to-face companies and 2 people in non-face-to-face companies per 1 billion won in investment has been shown.
Reporter Kim Jong Hyo kei1000@infostock.com
