Fewer Workers Stand Chance of Rising to Management

Only around 7.4 out of every 1,000 entry-level employees with university degrees end up rising to management positions and take a grueling 22 years to do so.

In a regular study by the Korea Employers Federation of 219 companies, the figure dwindled from 12 out 1,000 in 2005, and 7.9 in 2011.

The bigger the company, the slimmer the chances. The ratio of advancement was only 0.47 percent in big conglomerates, compared to 5.6 percent in small and mid-sized companies.

The lucky few take longer too. In 2011, it took them 21 years.

Read this article in Korean