January 14, 2014 11:10
As young people find it increasingly difficult to land a stable job, over 20 percent of those aged 15 to 29 were hired as temporary workers for their first position last year, Statistics Korea said on Monday.
That is roughly twice as many as in 2008. Over the same five-year period from 2008 to 2013, the number of young people in the same age group who found stable, long-term jobs dropped by half to 128,000.
Experts say the ongoing global financial crisis has exacerbated the lack of high-quality jobs. This is disheartening news for young jobseekers, who were already struggling with a low employment rate of 40 percent as of last month. That figure puts Korea 29th out of 34 OECD countries in terms of youth employment.
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