SEOUL, April 29 (Korea Bizwire) — One in five South Korean youths don’t believe that effort leads to success, having low regard for the country’s social fairness, a report showed Thursday. A 2018 World Values Survey showed that 20.8 percent of 1,200 young adults between the ages of 16 and 24 did not believe that [...]
SEOUL, April 8 (Korea Bizwire) — A significant percentage of young adults who haven’t received any COVID-19 vaccinations have no plans to take them in the future. The National Youth Policy Institute conducted a survey of 4,347 teenagers and young adults between 9 and 24 years of age, in which 16.4 percent had been vaccinated [...]
SEOUL, Jan. 31 (Korea Bizwire) — The number of young people employed is forecast to shrink to 42.5 percent of the 2021 level by 2050, a report showed Monday, renewing concerns that the fast-aging demographic transition could pose a drag on South Korea’s economy. According to the recent report by the National Assembly Budget Office, [...]
SEOUL, Sept. 13 (Korea Bizwire) — 7 out of 10 South Korean young adults feel it will become more difficult to get a job at the company of their choice in the future, a local think tank said Sunday. The Korea Economic Research Institute (KERI) conducted a survey of 542 young adults between the ages [...]
SEOUL, March 9 (Korea Bizwire) — A recent survey has revealed that some South Korean young adults frequently experience feelings of depression and helplessness due to the COVID-19 pandemic. The Korean Women’s Development Institute conducted an online survey of 6,570 adults between 19 and 34 years of age to identify what impact the COVID-19 situation [...]
SEOUL, Jan. 19 (Korea Bizwire) — Financial authorities plan to review mortgage loans with a maximum term of 40 years to help young people buy their first homes, officials said Tuesday. Financial Services Commission (FSC) Chairman Eun Sung-soo unveiled the plan at a time when surging home prices make it more difficult for young people [...]
SEOUL, Dec. 27 (Korea Bizwire) – Only 53.6 percent of 1,600 youth between the ages of 18 to 34 were in agreement with the statement “we can get better jobs than those of our parents’ generation” in a Ministry of Employment and Labor study on young peoples’ beliefs regarding employment policies. Anxiety over future job [...]
SEOUL, Oct. 27 (Korea Bizwire) – Nearly 57 percent of South Koreans continue to live with their parents after growing into young adulthood, according to a new study. Findings from a study cited by senior researcher Oh Ho-young at the Korea Research Institute for Vocational Education and Training (KRIVET) during the Korea Labor Institute’s symposium [...]
SEOUL, Jun. 29 (Korea Bizwire) — The debt burden of South Koreans in their 20s and 30s has grown at the fastest pace among all age groups over the past three years amid a spike in household debt, central bank data showed Thursday. The so-called loan-to-income (LTI) ratio for 20-somethings and 30-somethings has risen 36.2 [...]