* Date : 2016-10-15
Young Koreans continue to struggle with unemployment, with the youth jobless rate hitting 9.3% in August, up 1.3 points on-year, according to the country's statistics office. However, some experts say the situation is much worse than what figures suggest. What is more troublesome is not only the overall global trend of youth unemployment but also other societal problems that arise from unemployed and underemployed youths such as a low birth rate and social polarization. We look at some of the fundamental problems behind youth unemployment.
Padding resumes and securing good test scores have become the priority for many students as soon as they enter university to ensure they have the best profile built up to land jobs. Faced with an ever tightening labor market, young Koreans are pulling out all the stops to ensure employment after graduation, and the government is also employing various measures to assist these endeavors. Despite this, many youths still find themselves with less desirables temporary jobs that come with greater instability and financial difficulties. What can be done to create better working conditions for young people?
We sit down to discuss these issues and more.