SEOUL, March 3 (Korea Bizwire) – Outstanding student loans, a rising unemployment rate, and an unstable housing environment are leaving Korean youth (from 19 to 34) on the brink of permanent poverty. According to the latest report on youth poverty from the Korea Institute for Health and Social Affairs, the poverty rates for those aged [...]
SEJONG, Nov. 30 (Korea Bizwire) – The South Korean government said Wednesday that it will expand a program to help young job seekers find jobs at small and mid-sized enterprises (SMEs) and create assets in a way to tackle the country’s high youth unemployment rate. Under the program, which was initiated in April, an SME [...]
SEOUL, Oct. 26 (Korea Bizwire) – A recent study by online recruitment service Job Korea revealed that 56.1 percent of young adults in their 20s and 30s (1,061 individuals) considered themselves to be part of the Kangaroo Generation – those that depend on their parents either financially or psychologically, despite being beyond the typical age [...]
SEOUL, Aug. 4 (Korea Bizwire) – South Korea’s government on Thursday halted the Seoul city’s controversial program of providing cash allowances to thousands of young jobseekers, which kicked off earlier this week. On Wednesday, the Seoul Metropolitan Government said it had selected a total of 3,000 applicants and would provide them with 500,000 won (US$448) [...]
SEOUL, July 1 (Korea Bizwire) – Youth employment may have improved numerically last year but job stability has not as most of the obtained jobs were either short-term or menial, a study indicated Friday. An analysis by Park Jin-hee at the Korean Employment Information Service said 68,000 more people in their 20s were employed last [...]
GWANGJU, June 30 (Korea Bizwire) – The number of crimes committed by Korean adolescents is increasing, and methods are becoming more elaborate and brutal. There are increasing calls for intervention, while some demand government measures to contain such crimes that step beyond the line of teenage aberration. A high school student, only disclosed as Choi [...]
SEOUL, August 5 (Korea Bizwire) - Among the 33 countries in the OECD (Organization for Economic Cooperation and Development), Korea has the third largest share of ‘NEETs’ (Not in Education, Employment or Training) among youth. According to the OECD, Koreans who do not have the urge to work nor get any training or education among youth [...]
OMAHA, Neb., Sep. 11 (Korea Bizwire) – Facing worries of unemployment, diminishing Social Security benefits and an average student loan debt of $29,000, those in Generation Z (ages 15-24) understand the importance of saving. TD Ameritrade’s 3rd Annual Generation Z survey takes a closer look at what this generation is doing right and where there [...]