Pandemic has cost S. Korea 240,000 full-time jobs for young workers: Report
Arirang News
2020-11-15
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As in other countries, the COVID-19 pandemic has caused massive job losses in South Korea, and those in their 20s or 30s have been hit the hardest.
According to Statistics Korea, the number of full-time, regular workers in their 20s and 30s is down by almost 240-thousand compared to last year.
Regular workers are defined as those hired for a year or more, so the decline means there are fewer quality jobs.
The Korea Economic Research Institute conducted a survey of South Korea's top 500 firms, and of the 120 that replied, half of them said that they had no plans of to hire people in the near future.
As in other countries, the COVID-19 pandemic has caused massive job losses in South Korea, and those in their 20s or 30s have been hit the hardest.
According to Statistics Korea, the number of full-time, regular workers in their 20s and 30s is down by almost 240-thousand compared to last year.
Regular workers are defined as those hired for a year or more, so the decline means there are fewer quality jobs.
The Korea Economic Research Institute conducted a survey of South Korea's top 500 firms, and of the 120 that replied, half of them said that they had no plans of to hire people in the near future.
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