Employment Rate and Economic Participation Hits Record Highs in January
In January 2026, South Korea achieved remarkable milestones in employment rate and economic participation, with both metrics reaching historic highs. The employment rate for individuals aged 15 and above stood at 61.0%, while the economic participation rate climbed to 63.6%. This growth is particularly significant as it marks the 13th consecutive month of double-digit increases in employment numbers, despite some challenges in the service sector and persistent youth unemployment.
While the overall employment landscape appears positive, the youth unemployment rate has seen a concerning rise to 6.
read more
Job Growth in Chungcheong Region: A Sign of Economic Recovery
The recent slight increase in employment numbers in the Chungcheong region is a promising indicator of economic recovery. As the local economy begins to show signs of life, this uptick in job opportunities could signal a broader trend of revitalization in the area. Its essential to monitor how this momentum develops, as sustained growth could lead to improved living standards for residents.
This trend not only reflects the resilience of the local workforce but also highlights the importance of creating more job opportunities to support ongoing economic recovery.
read more
The Job Market Awakens: 73.4% of Companies Plan to Hire New Graduates in 2023
The job market is showing signs of revival, with a recent survey revealing that 73.4% of domestic companies in South Korea plan to hire new graduates this year. This marks a significant increase in hiring intentions compared to previous years, particularly as the world transitions out of the COVID-19 pandemic. The findings from HR tech firm Incruit indicate a growing optimism among employers, suggesting that the doors to employment are finally opening again.
read more