SEOUL, Nov. 18 (Korea Bizwire) — South Korea ranks low among members of the Organization for Economic Cooperation and Development (OECD) in terms of the employment rate for university graduates due mainly to a severe mismatch between their majors and job openings, a report showed Thursday. The employment rate for South Koreans aged 25-34 with [...]
SEOUL, Dec. 29 (Korea Bizwire) — The number of university graduates in their 20s and 30s who were both unemployed and not actively seeking work last month neared 200,000, a sharp increase from a year ago. Among the 2.4 million unemployed members of the labor force who abstained from job seeking activities last month, university [...]
SEJONG, Aug. 27 (Korea Bizwire) — South Korean youths are faced with the stark reality of ever-decreasing job opportunities as companies remain reluctant to hire amid a protracted economic slump, and are poised to slash labor costs to prepare for the extension of the retirement age to 60 next year. Asia’s fourth-largest economy is plagued [...]