The youth employment crisis is becoming a pressing issue worldwide, with recent data revealing that youth unemployment rates have surged to alarming levels. In South Korea, for instance, the youth unemployment rate has reached 10.9%, a significant increase from 9.9% just a few years ago. This trend is not isolated; many countries are grappling with similar challenges as the job market evolves and economic conditions fluctuate. The statistics are particularly concerning for the 15-29 age group, where unemployment has hit 11.

As we approach 2025, the job market is facing significant challenges, with projections indicating that new hires will fall below 500,000 by March next year. This marks a stark decrease of over 60,000 positions compared to the previous year, particularly impacting sectors like manufacturing and retail, while larger corporations and the education sector maintain or even increase their hiring rates. The decline in job opportunities raises concerns about the future of employment, especially for new graduates and job seekers entering the workforce.