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Analysis Job market struggles highlight South Korea’s economic vulnerabilities in 2025Medical and technology sectors thrive, but construction slump and youth unemployment dampen recovery prospects South Korea recorded its first on-year job loss in nearly four years to close out 2024, reflecting deep-seated challenges in the nation’s labor market that could undermine economic stability in the year ahead. December saw a net decline of 52,000 jobs compared to the same month in 2023, contrasting sharply with the 120,000 job additions in November, according to the latest data from Statistics Korea on Wednesday. The government agency attributed this decline to the termination of temporary public-sector job programs and weakened employer sentiment in sectors such as construction and retail. Moreover, the figures highlight structural challenges and sectoral © Korea Risk Group. All rights reserved. |





