Medical 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.
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.
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