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South Korea's HR market is valued at around $60 billion and is expected to grow at a CAGR of 5% over the next five years. The market is driven by a number of factors, including the aging population, the increasing demand for skilled workers, and the growing adoption of technology in the HR sector.
The South Korean government is a major purchaser of HR products and services. In 2022, the government spent over $10 billion on HR procurement. The government procures a wide range of HR products and services, including recruitment, training, payroll, and benefits administration.
The main HR products and services procured by the South Korean government include:
Recruitment: The government procures recruitment services to help it find and hire qualified candidates for its open positions.
Training: The government procures training services to help its employees develop the skills and knowledge they need to perform their jobs effectively.
Payroll: The government procures payroll services to process its employees' paychecks and withholdings.
Benefits administration: The government procures benefits administration services to manage its employees' benefits, such as health insurance, dental insurance, and retirement plans.
The top authorities for South Korea HR procurement include:
The Ministry of Public Administration and Security (MOPAS)
The Ministry of Education (MOE)
The Ministry of Health and Welfare (MOHW)
The Ministry of National Defense (MND)
The top winners of South Korea HR procurement include:
Recruit Korea
Saramin HR
ManpowerGroup Korea
Monster Korea
Aon Hewitt Korea
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