EDITING : 2022.7.1 금 09:18
The Gachon Herald
The Korea Times-Korean banks shift hiring to digital specialists
kweagle  |  g.herald1984@gmail.com
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
Updated : 2021.12.22  14:17:01
트위터 페이스북 미투데이 요즘 네이버 구글 msn
 Title: The Korea Times-Korean banks 1) shift hiring to digital specialists
 
 
 While Korea's state-led financial institutions are currently 2) implementing 3) a series of large-scale recruitment drives to hire new full-time employees, major local commercial banks do not appear to be joining the trend due to decreased demand. Only openings for digital specialists are expected to be available at the banks later this year.
 According to the financial industry, many state-led institutions, such as the Financial Supervisory Service, Bank of Korea and the Korea Deposit Insurance Corporation, have begun 4) recruitment drives for new employees, with a plan to complete hiring by the end of the year or early next year. They are expected to hire 700 new employees.
 However, no local banks, with the exception of Shinhan, have announced new recruitment drives, although Shinhan does plan to introduce "digital literacy" as one of its new 5) criteria for hiring.
6) Given that the banks used to begin "annual recruitment drives" in September, it is likely that most do not plan to hire a large number of new employees this year. Many market watchers 7) attribute this situation to the rapid transformation to a contactless digital environment that banks have had to adapt to amid the global pandemic.
 As more people now 8) opt to do their banking transactions through mobile apps, the need to hire a large number of branch staff has 9) dwindled. In fact most major commercial banks have continuously reduced the number of their 10) branches nationwide ― as of the end of last year this was 3,139, over a 27-percent decrease from 2019.
 Banks are also encouraging employees who wish to retire voluntarily to do so, providing them with relatively generous retirement packages. Around 2,500 employees are estimated to have left the country's five major banks between the end of last year and June of this year. The positions left vacant by retired employees are expected to be filled by staff with strong digital capabilities and work experience, rather than by new recruits fresh out of university. Computer programmers, artificial intelligence specialists and cloud engineering experts are some of the most 11) sought-after employees at local banks that are seeking to strengthen their digital competitiveness.

Published: 2021-10-01
Source: The Korean Times

<Word&Expression>
1) shift: (장소를) 옮기다, 이동하다[되다]; 자세를 바꾸다
2) implement: 시행하다 (carry out)
3) a series of~: 일련의
4) a recruitment drive: 신입사원 모집
5) criteria: 기준
6) given that: ~을 고려하면
7) attribute: (~) 결과로[덕분으로] 보다
8) opt to: ~하기로 선택하다
9) dwindle: (점점) 줄어들다
10) branch: 지사, 분점
11) sought-after: 수요가 많은, 인기 있는

 

< Copyright © The Gachon Herald All rights reserved >
kweagle Other Articles More
폰트키우기 폰트줄이기 프린트하기 메일보내기 신고하기
트위터 페이스북 미투데이 요즘 네이버 구글 msn 뒤로가기 위로가기
Comment (0)
Please enter the code for preventing auto-enrollment!   
Send
- Readers can write comments up to 200 words (Current 0 byte / Max 400byte)
Comment (0)
가장 많이 본 기사
1
The annals of the Joseon princesses.
2
Privilege of Youth, RAIL-RO
3
How much interest do you have in Korea, your country?
4
Let’s all enjoy Korean Thanksgiving
5
Way of communication that links people, simultaneous interpreter Lim Mira.
AboutContact UsAdvertisingFAQPrivacy PolicyE-mail address privacy
경기도 성남시 수정구 성남대로 1342 학생회관 315호
Copyright 2011 The Gachon Herald. All rights reserved. mail to webmaster@gachonherald.com