SEOUL, Dec. 3 (Korea Bizwire) – South Korea is witnessing a sharp rise in young people opting out of work or job-seeking, raising fears of a growing NEET (Not in Education, Employment, or Training) population, according to a recent report by the Bank of Korea. The study, released on Monday, reveals that the number of [...]
SEJONG, Jul. 22 (Korea Bizwire) – In a troubling trend for South Korea’s labor market, the number of college graduates neither employed nor seeking work has surpassed 4 million in the first half of 2024, reaching an all-time high despite government efforts to boost economic participation. According to data from Statistics Korea’s national statistics portal, an [...]
SEOUL, Nov. 15 (Korea Bizwire) — The government will earmark 1 trillion won (US$766.52 million) to implement extensive tailored programs to encourage more young people to join and stay in the labor market, the finance ministry said Wednesday. South Korea has seen growth in the number of young people neither in employment nor in education [...]
SEOUL, Dec. 13 (Korea Bizwire) — South Korea has the third-highest ratio of youth not in education, employment or training (NEET) among members of the Organization for Economic Cooperation and Development, a report showed Monday. The average monthly number of NEET people aged 15-29 in the country is estimated at 1.56 million in the January-October [...]
SEOUL, Dec. 6 (Korea Bizwire) — Close to 20 percent of young South Koreans are among the so-called NEETs, a group of people not engaged in education, employment, or training. The National Youth Policy Institute reported that 16.6 percent of young South Koreans between 15 and 29 years of age were unemployed, and not in [...]
SEOUL, Feb. 12 (Korea Bizwire) – Faced with a desolate job market, the response from almost 750,000 young South Koreans has been to drop out of the race completely. In contrast, over 1 million are preparing themselves for better quality employment by studying for placement exams. The number of NEET (not in education, employment or [...]
SEOUL, August 5 (Korea Bizwire) - Among the 33 countries in the OECD (Organization for Economic Cooperation and Development), Korea has the third largest share of ‘NEETs’ (Not in Education, Employment or Training) among youth. According to the OECD, Koreans who do not have the urge to work nor get any training or education among youth [...]