Daegu, a city in South Korea, is facing a significant economic crisis, with its per capita Gross Regional Domestic Product (GRDP) at a staggering 3,137,000 KRW, marking the lowest in the nation for 30 consecutive years. This alarming statistic highlights the city’s struggle to keep pace with the national average, which stands at approximately 63% higher. The situation is further exacerbated by a projected economic growth rate of -0.8% for 2024, making Daegu the only metropolitan area in South Korea expected to experience negative growth.

Namdong-gu is setting ambitious goals for the future, aiming to create 16,283 sustainable jobs and achieve an employment rate of 68.6% by 2026. This initiative is part of a comprehensive employment strategy that reflects the region’s commitment to economic growth and job accessibility for all demographics, particularly focusing on youth and vulnerable groups in the labor market. The plan, which includes five strategic pillars, emphasizes collaboration with local industries, particularly in the manufacturing sector, to enhance working conditions and support business growth.

In March 2026, the number of entry-level job postings in South Korea plummeted by 45% compared to the previous year, signaling a significant shift in the job market. This decline is particularly pronounced in sectors like IT, telecommunications, and retail, where automation and AI technologies are rapidly replacing traditional entry-level roles. The data reveals a stark reality: companies are increasingly relying on AI to perform tasks that were once the domain of new hires, leading to a structural reduction in demand for entry-level positions.