May 18, 2021 12:12
Many university graduates who have failed to find jobs are returning to school for higher degrees.
According to the Korean Educational Development Institute on Monday, 98,402 students enrolled in graduate schools in the country last year, up 1,708 or 1.8 percent from a year earlier.
The number of first-year graduate students dropped in 2019 but rebounded last year.
The increase is probably due to rising youth unemployment. Many graduates have chosen to go back to school as they see no immediate hope of finding a job. Companies are hiring fewer and fewer staff, while state-run companies give priority to their non-regular staff if there is any job opening.
A university professor in Seoul said, "While many students still want a doctorate to become professors or researchers, quite a few come to graduate school just to fill the gap in employment."
Graduate students drop out of the unemployment statistics because they are classified as economically inactive.
- Copyright © Chosunilbo & Chosun.com