People wait in line to apply for unemployment allowances at an employment center in Nowon District, northern Seoul, on Monday. The Covid-19 pandemic has led to the loss of many jobs.
A person looks at a job bulletin board at an employment welfare center in Mapo District. According to Statistics Korea, the number of people that have given up on searching for a job increased 8.57 percent on year in June to 583,000 people.
Total employment grew in June, more evidence of a recovery from the earlier phase of the Covid-19 pandemic. For the first time in more than five years, the number of people in their 40s with jobs increased compared to the previous year.
It’s tough finding a job in Korea, and the market is especially challenging for recent graduates and other people just starting their careers.
A subsidy supporting paychecks of idled workers in industries like airlines was extended.
Samsung Electronics' Device Solutions (DS) division is seeing an inflow of experienced workers, many incoming from rival SK hynix.
Korea’s working population is getting older as the society ages and people at retirement age continue to seek employment opportunities.
The coronavirus pandemic had a huge impact on Korea's job market. But for students in vocational high schools, it’s more like a disaster.
A poster promoting start-ups is posted on a university campus in Seoul on April 12. According to the Ministry of SMEs and Startups as well as Statistics Korea, last year 152,000 start-ups whose founders were under 30 were created.
Unemployment insurance subscriptions increased 2.3 percent on year in March, according to the Ministry of Employment and Labor on Monday.