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How Statistics Korea transforms itself from recipient to global leader

Gov t policies focusing on young people marginalize those in 40s, older

Park Moon-shik, a 56-year-old office worker, expresses his dismay over the absence of banks offering manageable borrowing rates tailored specifically for his age group. He laments the challenge of securing a loan to assist in purchasing a home.

Over half of new hires in S Korea are college graduates: data

Among newly hired employees in Korea in 2023, 50.5 percent were college graduates. Of the 28.41 million people newly hired across the country, 14.36 million had a higher education degree, according to the Korean Statistical Information Service run by Statistics Korea. The figure includes graduates from two-year college courses and those with postgraduate degrees. The number of new employees with tertiary education de.

Young Koreans ditch SMEs, prefer conglomerates

Young Koreans are increasingly shunning working for small and medium-sized enterprises (SMEs) despite the falling employment rate of young people that inched down 0.3 percentage points year-on-year to 45.9 percent in March.

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