Jobless Rate in Geoje Highest on Slump in Shipbuilding Sector

SEJONG, Feb. 21 (Korea Bizwire) – The jobless rate in Geoje, located in the southern part of the country, reached the highest level among South Korean cities, as local shipyards implemented massive job cuts amid an industry-wide slump, data showed Wednesday. According to the data compiled by Statistics Korea, the unemployment rate in the city, home to the country’s major shipyards, including Daewoo Shipbuilding & Marine Engineering Co. (DSME) [...]