Health and welfare job growth reflects demographic trends, but surging virus could derail economic recovery
South Korea’s wage worker jobs increased by 314,000 in Q1 2024 compared to the same period last year, bringing the total to about 20.5 million, according to Statistics Korea. The health and social welfare sectors led the growth, adding 139,000 jobs, followed by gains in transportation, warehousing and accommodation services. Manufacturing also saw notable increases in shipbuilding, automotive parts and aerospace industries.
The data highlights a significant rise in jobs for workers aged 60 and above, while employment for those under 30 and in their 40s declined. Gender-wise, female employment outpaced male employment, with increases of 249,000 and 65,000 jobs, respectively. Job growth was observed across all types of organizations, with corporate entities leading the way.
South Korea’s wage worker jobs increased by 314,000 in Q1 2024 compared to the same period last year, bringing the total to about 20.5 million, according to Statistics Korea. The health and social welfare sectors led the growth, adding 139,000 jobs, followed by gains in transportation, warehousing and accommodation services. Manufacturing also saw notable increases in shipbuilding, automotive parts and aerospace industries.
The data highlights a significant rise in jobs for workers aged 60 and above, while employment for those under 30 and in their 40s declined. Gender-wise, female employment outpaced male employment, with increases of 249,000 and 65,000 jobs, respectively. Job growth was observed across all types of organizations, with corporate entities leading the way.
Get your
KoreaPro
subscription today!
Unlock article access by becoming a KOREA PRO member today!
Unlock your access
to all our features.
Standard Annual plan includes:
-
Receive full archive access, full suite of newsletter products
-
Month in Review via email and the KOREA PRO website
-
Exclusive invites and priority access to member events
-
One year of access to NK News and NK News podcast
There are three plans available:
Lite, Standard and
Premium.
Explore which would be
the best one for you.
Explore membership options
© Korea Risk Group. All rights reserved.
No part of this content may be reproduced, distributed, or used for
commercial purposes without prior written permission from Korea Risk
Group.