Hiring freeze, reluctance to work at small firms: Young South Koreans’ difficulties in getting a job

SEOUL: Nearly two years after graduating from a prestigious university in Seoul with a grasp’s degree, Ms Han Sung Ju stays unemployed.

The 28-year-extinct South Korean has taken up her third internship since ending her study, having utilized for greater than 100 positions without a ideal fortune.

She hopes to ultimately land a job that pays greater than US$30,000 a year, but she knows her probability is slim.

Wonderful companies bear in unique years in the discount of on hiring and put in location stricter screening requirements.

“The job market has constantly been unparalleled but in unique years, it has become even more inspiring, with the financial downturn. There is a freeze in hiring, especially for professional positions,” the English literature predominant advised CNA.

Ms Han is amongst an estimated 248,000 South Koreans in their 20s who bear been jobless as of March this year, in accordance with the country’s national statistical location of business.

Authorities figures launched final year moreover confirmed that in relation to four in 10 younger unemployed Koreans bear been with out a job for the previous three years. On reasonable, it takes greater than 10 months for any individual to search out employment after commencement.