92% of SMEs Suffering from Strength Shortage

92% of SMEs Suffering from Manpower Shortage

Photo: YONHAP Latest news

A majority of South Korea’s small and mid-sized firms include suffering a manpower deficiency due to a sharp drop within your number of foreign workers resulting from the COVID-19 pandemic.  

According to a recent surveys conducted by the Korea Federation of SMEs on just about eight-hundred manufacturers, over 92-percent responded that they’re facing complications due to a manpower shortage, when 65-percent requested an business expansion of the annual foreign worker detachment from the current 40-thousand to be able to 50-thousand or more.  

The government has prior extended the stay using foreign workers by three years for those who were set to leave any this year as part of efforts to simply help SMEs reeling from the pandemic.

However , via 95-percent said they wish for an additional extension of the mensurate.



92% of SMEs Suffering from Strength Shortage
Source: Matira Matibay

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