SEOUL, Dec. 10 (Korea Bizwire) — Young South Koreans suffered more severe employment shock than older people during the pandemic and fresh college and high school graduates faced greater difficulty in finding jobs, a report showed Friday. The employment rate for Koreans aged 15-34 reached 50.5 percent in January, down from 52.8 percent a year [...]
SEOUL, Nov. 30 (Korea Bizwire) — More people are breaking traditional social preference for office jobs to work in the blue-collar sector. A YouTube video by a 20-year-old South Korean female forklift operator working in Australia via the working holiday program has recently gone viral as she has been earning 5 million won (US$4,200) per [...]
SEOUL, Sept. 30 (Korea Bizwire) — Over the last three years, an increasing number of South Koreans in their 20s and 30s are borrowing money to pay for more than half of cost of their housing. Rep. Kang Jun-hyeon of the ruling Democratic Party compiled and analyzed more than 1.2 million funding plans submitted between [...]
SEOUL, Sept. 30 (Korea Bizwire) — A survey showed that South Korea’s MZ generation workers, those in the their 20s and 30s, are putting more emphasis on annual salary rather than corporate value or job security when choosing a job. Recruiting platform Saramin conducted a survey of 1,865 workers in their 20s and 30s on [...]
SEOUL, Sept. 27 (Korea Bizwire) — More than 42 percent of 30-somethings in South Korea remained unmarried last year, census data showed Monday, underscoring the trend in which many young people delay or give up on marriage amid a prolonged economic slowdown. Out of 13.7 million singles aged 15 and older, 2.82 million people in [...]
SEOUL, Sept. 23 (Korea Bizwire) — The number of online scams surrounding the transactions of used products and gaming items has increased sharply over the past five years. According to the data from the National Police Agency, disclosed by Rep. Oh Young-hwan of the Democratic Party, the number of online scams shot up to 174,000 [...]
SEOUL, Sept. 15 (Korea Bizwire) — The number of so-called ‘NEETs,’ or young stay-at-home South Koreans who have been jobless for more than three years, has surpassed the 100,000 people milestone. Statistics Korea showed that, as of May of this year, there were 278,000 young South Koreans who have been jobless for more than three [...]
SEOUL, July 26 (Korea Bizwire) — In the midst of a surge in momentum for environmental movements looking to overcome climate change, an increasing percentage of young Koreans are deciding not to have children because they do not want their offspring to suffer from the environmental collapse. Kim Woo-seop, a 28-year-old office worker, is concerned [...]
SEOUL, July 20 (Korea Bizwire) — The number of young South Koreans preparing to take exams for public jobs and professional licenses hit a record high in May as the job market remained sluggish amid the pandemic, data showed Tuesday. The data released by Statistics Korea showed that 859,000, or 19.1 percent of 4.49 million [...]
SEOUL, July 8 (Korea Bizwire) — In the midst of a sluggish employment environment resulting from the COVID-19 pandemic last year, a shift towards entrepreneurship has continued this year, especially among young people. The number of new business established during the January to April period of this year totaled 449,000, down 14.2 percent from a [...]