Below you will find pages that utilize the taxonomy term “Economic Trends”
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Youth Employment Crisis: A Wake-Up Call for the Future
The recent statistics reveal a troubling trend: over half of the youth population is not participating in economic activities, with the youth employment rate plummeting to its lowest since the pandemic. According to the latest report from the Statistics Korea, the youth economic participation rate has dropped below 50% for the first time in four years, signaling a significant employment crisis that demands immediate attention.
With a staggering 368,200 young individuals employed as of May, this marks a decrease of 150,000 from the previous year.
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