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Worries of ‘Lost Generation’ as Job Cliff Looms for Young Koreans

Worries of ‘Lost Generation’ as Job Cliff Looms for Young Koreans

SEOUL, Jan. 15 (Korea Bizwire) — Concerns are growing about South Korea’s young people who are facing the risk of falling into what some are calling a ‘lost generation,’ as the prospects of a so-called job cliff are deepening due to the COVID-19 pandemic. According to Statistics Korea, the annual jobless rate of young people [...]

Almost 30 pct of Instructors at Private Institutes Lost Jobs amid Pandemic

Almost 30 pct of Instructors at Private Institutes Lost Jobs amid Pandemic

SEOUL, Dec. 7 (Korea Bizwire) — More than one out of four instructors at private institutes lost their jobs during the course of the new coronavirus pandemic, predominantly without unemployment benefits, a survey showed Monday. In an online survey on the effect of COVID-19 on 500 instructors released by Gabjil 119, a workers’ advocacy group, [...]