A new phenomenon has recent emerged in South Korea that young people now prefer to be unemployed rather than work. Statistics show people working in their 20s decreased..
Seoul is suffering the sharpest population decline among Korea s 17 municipalities, data showed on Monday, as many people can t afford to buy a home in the nation s capital and subsequently are moving to less central areas in search of cheaper housing. Most of the major cities and provinces also have been losing population. But it is more associated with the low birthrate and aging society that has been dealing a blow to the entire country, whereas the shrinking population in Seoul is mainly caused by a housing bubble, according to sources.
Youth unemployment soars as South Korea's young opt for break instead of job seeking Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
The number of young people taking time off without seeking jobs or studying is on the rise, official statistics showed Sunday, as Korea struggles to tackle the world's lowest birth rate and a rapidly aging society. The number of employed people in their 20s declined 63,000 year-on-year in May to reach 3.83 million, marking a consecutive seven-month slump since November last year, according to Statistics Korea. T.