The stark contrast between youth and elderly employment rates in South Korea highlights a growing crisis that could have lasting implications for the economy. As the youth struggle to find jobs, often relying on their parents, the older generation is increasingly occupying roles in the workforce, leading to a record employment gap. This phenomenon, referred to as ‘K-shaped growth,’ raises concerns about intergenerational conflict and economic stability. The pandemic has exacerbated this issue, with companies favoring experienced hires over fresh graduates, leaving many young people without opportunities.

Gunsan’s employment rate has hit a concerning low of 59.7%, marking the lowest in the province and highlighting significant economic challenges. This figure is not just a number; it represents the struggles of a community facing a staggering 39.2% of its population classified as non-economically active, the highest in the region. The stark contrast between Gunsan and the highest employment rate in Muju County, which stands at 76.2%, raises questions about the local economy’s resilience and the factors contributing to such disparities.

Chungbuk’s employment statistics are making waves, showcasing an impressive employment rate of 73.5% and a record-low unemployment rate of 1.6%. This remarkable performance places Chungbuk second among South Korea’s 17 provinces, significantly above the national average of 70.3%. Such figures not only highlight the region’s robust job market but also set a benchmark for other provinces to aspire to. The implications of these statistics extend beyond mere numbers; they reflect a thriving local economy that is attracting talent and investment.