Unemployment in the Republic of Korea

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Seoul Sees 2 Mil. Jobless in Post-IMF
People’s Korea, 9 December 1998. The government plan to train more than 300,000 workers in computer programming and provide loans to help entrepreneurs start new ventures, seems unrealistic due to lack of jobs. Families struggle with the country’s worst economic disaster in nearly a half century; middle-aged and elderly are victims of industry layoff ordered by International Monetary Fund.
100,000 may be out of a job in South Korea
The Straits Times, 14 November 2000. Banks will force failing companies to close. The jobless rate has declined from a record 8.6 per cent in February last year as the economy has bounced back from 1998&$8217;s recession, but is prediced to rise to 4.7 per cent early next year.
Jobless Rate Rises to 3% in 8 Months: Youth Unemployment Rate Hits 7.1 %
By Lee Chi-dong, The Korea Times, 16 January 2003. South Korea’s unemployment rate rose last month to 3 percent for the first time in eight months, due mainly to a growing number of the jobless youth. Surging number of young jobseekers; corporations cutting jobs in the face of tough competition; unemployment of highly educated people.