SEJONG, April 18 (Korea Bizwire) — The number of long-term unemployed jobseekers, those unable to find work for over six months, exceeded 150,000 in the first quarter of this year, the highest tallied in 18 years, Statistics Korea said Wednesday. The latest data showed a total of 1.181 million people did not have a job [...]
SEJONG, Feb. 19 (Korea Bizwire) – South Korea’s unemployment rate remained high with no signs of recovery despite solid improvements in the job markets of other advanced economies last year, data showed Sunday. South Korea’s unemployment rate stood at 3.73 percent last year, according to data compiled by Statistics Korea. The numbers mark four straight [...]
SEJONG, Feb. 14 (Korea Bizwire) — South Korea’s jobless rate remained unchanged at 3.7 percent in January, government data showed Wednesday. The number of employed people reached 26.21 million in January, up 334,000 from a year earlier and accelerating from the previous month’s on-year rise of 257,000, according to the report compiled by Statistics Korea. [...]
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 [...]