Employment among people in their 20s falls at fastest pace since 1998

Employment among people in their 20s in South Korea fell at its fastest pace since 1998, according to data released in September. The downturn marks a significant milestone for youth labor market contraction, reaching levels not seen since the late 1990s economic crisis.

The sharp decline highlights growing economic challenges and employment difficulties facing young adults in the country. The data underscores broader concerns about job creation and labor market stability for the younger demographic.