Korea – Youth unemployment blues

Key economic indicators seem to point toward Korea making a solid recovery.

The country’s output has been growing thanks to exports. Its consumer spending has picked up on the back of growing welfare financing by the government.

Still, Asia’s fourth-largest economy is finding it hard to create jobs for college graduates, even while they pull all-nighters at libraries to pass conglomerates’ corporate entrance exams.

Korea’s youth joblessness, which passed 10 percent in February, has become a bigger problem than the rapidly aging population.

Chosen excerpts by Job Market Monitor. Read the whole story at [Newsmaker] Korea suffers youth unemployment blues.