00:02You're listening to AI Prism from Seoul Economic Daily.
00:06SK's chairman says that if he were in his 20s again, he would start a company.
00:11Job switching in the semiconductor industry fell by about half in the first half of this year.
00:17Overdraft rates at internet banks are jumping up to three percentage points when loans come up for renewal.
00:22And the labor ministry plans a roadmap for equal pay for equal work by December.
00:29It's Monday, October 19th.
00:31Let's talk about a trend affecting young professionals in Korea.
00:35Record chip profits and bonuses are keeping workers in place, which is reshaping hiring across the industry.
00:42At the same time, business leaders and scientists are trying to define what skills matter in the AI era.
00:48And rising market rates are showing up in everyday borrowing costs.
00:53Here's what the numbers show.
00:54SK chairman Che Taiwan said that an AI era leader must do what AI cannot and named four skills young
01:02people need.
01:02Thinking power, empathy, adaptability and body skills.
01:07Semiconductor job switchers fell about 50% in the first half versus a year earlier and are about one third
01:14of the 2023 level as record profits and bonuses make staff stay.
01:19Semiconductor entry-level job postings rose 47% in the first half and entry-level roles hit 12.2%
01:28of postings, a five-year high.
01:30A case said report names a spark talent profile and experts rated research type talent highest at 4.37 out
01:39of five, while 50.4% said basic skills are the most important competence for AI talent.
01:46Internet banks' average overdraft rate for new loans reached 7.30% in August, up 1.48 points from a
01:55year earlier, and one borrower's renewal jumped from 5.2% to 8.8%.
02:02The Labour Ministry aims to publish an equal pay for equal work roadmap in December and is considering writing the
02:11principle into the Labour Standards Act.
02:14So what does this mean for young professionals navigating their next move?
02:18Earlier we said job switching and semiconductors fell by about half.
02:23Here's what that actually means for you.
02:25Staff at Big Chipmakers are staying for bonuses, so experienced hires are scarce, with 83.6% of last year's
02:34unfilled roles sent back to recruiters this year, while entry-level postings rose 47%.
02:40If you're early in your career, that makes the entry-level channel more open than usual in chips.
02:47But smaller firms and startups face a harder time competing on pay, which a professor says they must address with
02:55better compensation.
02:57What to watch?
02:58Whether smaller chip firms and startups improve compensation to compete for talent, as a professor urged.
03:04The Labour Ministry's December Equal Pay roadmap, including whether the principle goes into the Labour Standards Act,
03:12and how borrowers' overdraft costs move, with six-month financial bond yields at 3.748%.
03:19That's today's AI Prism Early Careers.
03:23This episode was produced with AI Assistants based on Seoul Economic Daily reporting and reviewed by a human editor.
03:31AI Prism is a Juan Ifra Award-winning series.
03:34We'll be back tomorrow.
03:35You've been listening to AI Prism from Seoul Economic Daily.
03:42AI Prism Davis.
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