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South Korea's Job Growth Slows; Youth Employment Plummets

5/21/2025

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Summary

Story summary

South Korea's job market faced a slowdown in Q4 2024, with only 153,000 new positions added compared to 246,000 in the previous quarter. The total employment reached 20.9 million, but youth jobs plummeted by 148,000. In contrast, senior employment surged by 248,000, with the health sector thriving while construction suffered a loss of 51,000 jobs.

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Story summary

South Korea's job market faced a slowdown in Q4 2024, with only 153,000 new positions added compared to 246,000 in the previous quarter. The total employment reached 20.9 million, but youth jobs plummeted by 148,000. In contrast, senior employment surged by 248,000, with the health sector thriving while construction suffered a loss of 51,000 jobs.