SEOUL, March 15 (Korea Bizwire) - South Korea’s high youth unemployment could persist for a while, as Japan’s did, a local think tank warned Tuesday. Asia’s fourth-biggest economy seems to be following in Japan’s footsteps when it comes to the growth trend and demographics, according to a report authored by Ryu Sang-yoon, a senior analyst [...]
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 [...]
SEOUL, Feb.2 (Korea Bizwire) – Unemployment in Korea is becoming worse year after year. The unemployment rate peaked last year at 9.2 percent. Influenced by the phenomenon, 222,650 young Koreans applied to take the national civil service exams, an all-time high in the number of applicants. The job market is as frozen as the recent [...]
A man in his 30s who lied to his family about passing the civil service examination committed suicide after pretending to go to work for a year. (Image : Pixabay) CHEONAN, Jan.12 (Korea Bizwire) – A man in his 30s who lied to his family about passing the civil service examination committed suicide after pretending [...]
SEJONG, Nov. 11 (Korea Bizwire) – South Korea’s jobless rate fell in October as more people were hired in the manufacturing, and facility management and business support service sectors, a government report showed Wednesday. According to the report by Statistics Korea, the jobless rate stood at 3.1 percent last month, down from 3.2 percent in [...]
SEJONG, Sept. 29 (Korea Bizwire) – Unemployment among young people in South Korea is worse than the level reached during the global financial crisis, a state-run think tank said Tuesday, calling for urgent measures to tackle the problem. The Korea Institute for Industrial Economics and Trade (KIET) said in a report that overall conditions for [...]
SEOUL, Sept. 4 (Korea Bizwire) - While the number of Koreans with a PhD is increasing rapidly, the demand for those who have completed higher education is not showing any growth, worsening employment conditions for high-quality human resources. It takes about 10 years to go from getting a bachelor’s degree all the way up to [...]
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 [...]
Gwangju, July 24 (Korea Bizwire) – As a 34-year-old male with no job, ‘Oh’ fell into financial difficulties and credit delinquency after acting as a guarantor for his older sister. Oh came to a bizarre resolution after he was furious with rage when he was constantly called to repay a debt when he didn’t even [...]
SEOUL, Oct. 30 (Korea Bizwire) – The legal profession was once considered one of the highest paid and honored jobs in South Korea before the introduction of law school in 2009. Before the adoption of the law school scheme, students who want to be a lawyer should pass Korea’s bar exam and then successful applicants [...]