Nov. 8 - College grads spend time and money studying to pass the rigorous application and hiring process at Samsung. Julie Noce reports.
For recent college graduates in South Korea, landing a coveted job at behemouth corporation Samsung is not as easy as simply filling out an application. These 70 students spend 10 hours a day for a about 10 days at a crammed school to study for the company's one on one interview process. In addition to the interviews, there are tests, more interviews, and still more tests before a hiring decision is made. But for job hopefuls, they say it's worth it. (SOUNDBITE) (Korean) 27-YEAR-OLD SAMSUNG C&T APPLICANT HAN NAM-GYU SAYING: "I have long dreamed of getting a job at Samsung and never thought that I would fail (to enter). But if I fail this time, I'll definitely try again to get into the company. Now, I have useful tips for the preparation so I think I can study more effectively." Besides their time, applicants spend money- potentially thousands of dollars- on private tutoring and workbooks. Again, students say it's money well spent. (SOUNDBITE) (Korean) 24-YEAR-OLD APPLICANT FOR SAMSUNG SECURITIES CO., JEONG MIN-JU, SAYING: "It is a top conglomerate and it offers a much higher salary than the other companies. Becoming an employee of Samsung Group itself makes people feel very proud." In this particular recruitment round some 100,000 people will apply, only 5,500 get hired.