Korea Joongang Daily
Korea JoongAng Daily

Retirement-age Koreans still support parents and children

While the age of 60 is often seen as a time for retirement and self-care, many Koreans are facing the burden of supporting both their parents and adult children.

2024-08-28

Korea adds 300,000 jobs in January but fewer young adults employed

Older workers saw the most gains. More than 350,000 adults above the age of 60 accounted for jobs added in January.

2024-02-16

Korea's jobless rate hits near 2-year high in December as people return to workforce

Korea's on-year employment grew at a slower pace in 2023, but the employment rate reached a record high, led by job gains for those in their 60s and in the caretaking and manufacturing sectors.

2024-01-10

Chinese imports causing thousands of regional Korean jobs to disappear

The increase in imports of manufactured goods from China is negatively affecting regional employment in Korea, according to a report shown on Thursday.

2024-01-09

Korea's job growth slows in November

Korea's on-year employment grew at a slower pace for the first time in four months in November, Statistics Korea data showed Wednesday.

2023-12-13

Youth depression rates soar amid mounting debts, social isolation

The number of people suffering from depression exceeded 1 million last year. More concerning, however, is the rising prevalence of depression in people in their 20s and 30s, many of whom are drowning in oceans of debts.

2023-11-06

Korea's job market grows on year in August, first in four months

The number of employed people came to 28.7 million in August, up 268,000 from a year earlier, according to Statistics Korea Wednesday.

2023-09-13

Japanification of China's economy has begun

Korea must brace for the seismic shifts from the deepening Japanification of China’s economy.

2023-08-27

Moral hazard? Well, think again

If it is a competent government, it must fix the environment that breeds what it calls moral hazard. The only — and the best — solution is to increase quality jobs for workers.

2023-08-10

Government and PPP agree to reform Korea's unemployment benefits, slam current system as unfair

After-tax monthly labor income of workers who were paid the lowest was 1.79 million won ($1,400) but the minimum monthly unemployment benefit was 1.84 million won.

2023-07-12