youth unemployment Archives | Be Korea-savvy
Over Half of University Students and Salaried Workers Are Interested in Becoming Civil Servants

Over Half of University Students and Salaried Workers Are Interested in Becoming Civil Servants

SEOUL, May 24 (Korea Bizwire) – With employment stability rapidly becoming one of the most important considerations for those seeking a job, more than half of the university students and salaried workers in South Korea are eyeing the idea of becoming a civil servant. According to a recent online survey conducted by the Korea TOEIC [...]

‘Kangaroo Families’ on the Rise as South Korean Parents Expect to Support Children Until Marriage

‘Kangaroo Families’ on the Rise as South Korean Parents Expect to Support Children Until Marriage

SEOUL, May 10 (Korea Bizwire) – Amid a sluggish economy, the prevalence of late marriages and a growing cost of living, an increasing number of parents in South Korea are comfortable with the idea of having a ‘kangaroo family’, where parents support their children past university into employment, with four in ten parents now saying they [...]

Seoul’s Youth Benefits Policy Continues Despite Criticism

Seoul’s Youth Benefits Policy Continues Despite Criticism

SEOUL, April 27 (Korea Bizwire) – Amid record youth unemployment rates mired in the double digits, the Seoul Metropolitan Government is continuing its efforts to support young people this year, with 5,000 young people between the ages of 19 and 29 set to receive 500,000 won every month from July for up to six months [...]

Seoul Expands Free Suit Rental Program for Young Job Seekers

Seoul Expands Free Suit Rental Program for Young Job Seekers

SEOUL, April 20 (Korea Bizwire) – The Seoul Metropolitan Government announced Wednesday that it has partnered with two additional tailors in Sinchon and Wangsimni for its free suit rental initiative starting May 22.  The city launched the service last year near Konkuk University to help unprivileged job seekers amid South Korea’s rising youth unemployment rate. [...]

Soaring Number of Public Office Exam Takers Cost South Korea Billions

Soaring Number of Public Office Exam Takers Cost South Korea Billions

SEOUL, April 6 (Korea Bizwire) – Seeking stability amid stiff job competition and a prolonged economic downturn, the number of test takers for civil service jobs is skyrocketing.  In 2016, there were 257,000 young Koreans (aged 15 to 29) preparing for public service examinations, up by 38.9 percent from 185,000 in 2015, and accounting for [...]

Invasive Job Recruiting Procedures Still Prevail at Korean Companies

Invasive Job Recruiting Procedures Still Prevail at Korean Companies

SEOUL, Aug. 24 (Korea Bizwire) – Despite perpetual criticism of the perfection-seeking recruitment process at Korean companies, a recent study has revealed that prying job application requirements and academic background-driven employment systems are still prevalent among the majority of domestic firms.  The study was carried out by the Ministry of Employment & Labor and Korea [...]