Amid wave of layoffs, this Group to hire thousands of new employees by…, not Noel Tata’s TCS or Narayana Murthy’s Infosys, it is…

The large-scale hiring drive aligns with the government's long standing push to expand job opportunities for young people.

Samsung Group has revealed its plans to recruit 12,000 employees each year from 2025 to 2029, adding up to 60,000 new hires over the five-year period. The move is to create quality jobs for young people and strengthen the company’s future talent pipeline, according to a report by Pulse, the English service of Maeil Business Newspaper Korea.

The report further noted that, along with Samsung, seven other leading South Korean conglomerates have announced recruitment drives, together pledging to hire 30,000 employees in the second half of 2025. The collective effort is intended to ease the country’s severe youth unemployment problem and help revive the struggling Korean economy.

Other Group’s Job Hiring

SK Group also plans to recruit about 8,000 new employees in the second half of this year. On the other hand, LG Group plans to hire 3,500 in 2025 and aims to recruit 10,000 over the next three years.

“Hyundai Motor Group also announced it will hire 7,200 new employees in 2025 and an additional 10,000 in 2026, focusing on sectors related to electrification and software-defined vehicles (SDVs), which are expected to drive the conglomerate’s next phase of growth,” the report said.

Hanwha Group, which is gaining prominence in the defence sector, also announced plans to hire 3,500 new employees this fall. POSCO Group announced it will hire 15,000 young workers over the next five years as part of its effort to contribute to youth employment.

“Companies are well aware that if the Korean economy falters, the foundation of their businesses will be shaken as well,” Pulse quoted an industry insider. “It seems all companies agree that solving the current youth unemployment issue and stabilizing the economy are urgent priorities.”

Which Fields Will See Major Hirings?

The conglomerate plans to focus its recruitment efforts in semiconductors, biotechnology, and artificial intelligence (AI) – areas experiencing rapid growth and surging demand for skilled professionals.

“I urge companies to join forces with the government in helping the country overcome the current youth employment crisis,” Pulse quoted President Lee Jae-myung, during a Cabinet meeting on Tuesday. 

(With Inputs From ANI)