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South Korea's Job Crisis: Unemployment Claims Surge Amid Losses

7/15/2025

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Summary

Story summary

South Korea's job market is facing a significant crisis, with employment rates plummeting to levels not seen since the 1990s. In June 2025, job insurance enrolment barely increased by 1.2% year-on-year. While the service sector managed to add 201,000 jobs, manufacturing and construction suffered losses, leading to a surge in unemployment claims to 86,000, totaling 654,000 recipients.

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Story summary

South Korea's job market is facing a significant crisis, with employment rates plummeting to levels not seen since the 1990s. In June 2025, job insurance enrolment barely increased by 1.2% year-on-year. While the service sector managed to add 201,000 jobs, manufacturing and construction suffered losses, leading to a surge in unemployment claims to 86,000, totaling 654,000 recipients.