SEOUL, Sept. 15 (Korea Bizwire) — The number of so-called ‘NEETs,’ or young stay-at-home South Koreans who have been jobless for more than three years, has surpassed the 100,000 people milestone. Statistics Korea showed that, as of May of this year, there were 278,000 young South Koreans who have been jobless for more than three [...]
SEOUL, March 22 (Korea Bizwire) — The number of NEETs — people who are unemployed and not receiving an education or vocational training — marked a sharp increase in South Korea as the job environment deteriorated due to the COVID-19 pandemic. According to a report released on Sunday by the Hyundai Research Institute, the number [...]
SEOUL, Sept. 18 (Korea Bizwire) — The economic cost of losing employment opportunities for the NEETs, who are unemployed young people not in education, employment or training, amounts to 49.4 trillion won (US$41.4 billion) a year, or 2.7 percent of South Korea’s GDP, according to a recent report. The portion of NEETs among young people [...]