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1 in 5 Young S. Koreans Not Engaged in Education, Employment, or Training

1 in 5 Young S. Koreans Not Engaged in Education, Employment, or Training

SEOUL, Dec. 6 (Korea Bizwire) — Close to 20 percent of young South Koreans are among the so-called NEETs, a group of people not engaged in education, employment, or training. The National Youth Policy Institute reported that 16.6 percent of young South Koreans between 15 and 29 years of age were unemployed, and not in [...]

Personal Bankruptcies on the Rise Among Young S. Koreans

Personal Bankruptcies on the Rise Among Young S. Koreans

SEOUL, Oct. 7 (Korea Bizwire) — Fewer South Koreans are filing for personal bankruptcy, with the notable exception of those in their 20s, the only age group for which bankruptcies are actually increasing. The Supreme Court reported to Rep. Kim Byung-wook that the number of personal bankruptcies among 20-somethings increased from 691 cases in 2015 [...]

Industrial Complexes to be Transformed into Youth-friendly Areas

Industrial Complexes to be Transformed into Youth-friendly Areas

SEOUL, Sept. 19 (Korea Bizwire) — Various supporting facilities, including outdoor theaters, leisure facilities and pubs, will be built in old industrial complexes, which have been shunned by young people due to a lack of convenience facilities in old factory-oriented environments. The Ministry of Trade, Industry and Energy said Tuesday that the revised bill regarding [...]

Mini Massagers Popular Among 2030 Generation

Mini Massagers Popular Among 2030 Generation

SEOUL, Sept. 16 (Korea Bizwire) — Massage chairs, which were once popular as a thank-you gift for the middle-aged, are attracting the hearts of young people in their 20s and 30s. Major online shopping portal Gmarket said Sunday that sales of massage chairs and other massage items rose sharply during the month from August 3 [...]