SEJONG, Nov. 4 (Korea Bizwire) — The number of South Koreans outside the labor force edged down 0.6 percent from a year earlier amid signs of an economic recovery, data showed Thursday. The number of non-economically active people, or those who have no willingness to work, came to 16.76 million as of end-August, down 106,000 [...]
SEOUL, Dec. 9 (Korea Bizwire) — South Korea’s labor force is projected to decline 17 pct by 2040, a report showed Monday, a development that could undermine the potential growth of Asia’s fourth-largest economy. The report of the World Trade Organization (WTO) showed that the decline of South Korea’s labor force would be the highest [...]
SEOUL, Feb. 29 (Korea Bizwire) – The number of college graduates outside the labor force has more than doubled over the past 15 years due to a rise in those who gave up looking for jobs amid a prolonged economic slump, government data showed Monday. South Korean college graduates who are neither employed nor unemployed [...]