May 30, 2016 10:38
More and more people over 60 are finding temporary or contract work because many baby boomers have failed to prepare for their retirement.
The Korea Labor Institute last week said the number of temporary workers increased by 304,000 in March after dropping by 9,000 in February.
The number of temporary workers between 15 to 24 shrank by 24,000 and of those in their 40s by 51,000.
But among 50-somethings it grew by 22,000 and among 60-somethings by a whopping 117,000.
The number of temporary workers over 60 started rising steadily last August and soared by 113,000 in January and 91,000 in February.
Korean society is aging and many are ill-prepared for retirement. The institute said jobseekers over 60 do not look for work all the time but grab jobs whenever they become available. And people in this age group tend to get temporary jobs because it is difficult for them to find full-time positions after retirement.
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