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The OECD Youth Unemployment Rate in South Korea, 2001-2016 South Korea is at the top of the International Federation of Robotics (IFR)’s robot density list - 631 robots per 10,000 employees. For example, Lotte Department Stores , one of the largest retailers in Korea, has recently built a technologically-driven counter service system ...
The unemployment crisis faced by the nascent South Korea were the least of the nation's concerns by the 1990s: studies report that by 1997, only 2.5% of Koreans were unemployed. [1] However, the sharp downturn the Korean economy experienced later that year during the Asian Economic Crisis proved the need for an active labor market policy and ...
South Korea ranked the highest in suicide rates out all OECD nations, along with the highest stress levels for youth between the ages of 11 and 15 years old. [12] South Korea spent around 7.3% of its GDP on health expenditures in 2016, [15] but as of 2014, only 2.6% of those health expenditures (US$43 million) was for the mental health budget. [16]
Unemployment rate (2021) [1] This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially ...
In 2020, the COVID-19 pandemic exacerbated economic inequality in South Korea. [5] South Korea's President, Moon Jae-in, attributed a deepening wealth gap between the rich and the poor to the 2020 COVID-19 pandemic. [6] South Korea's economy depends on the gross domestic product generated by a handful of the country's largest companies.
South Korea's Ministry of Employment and Labor (MOEL; Korean: 고용노동부; Hanja: 雇傭勞動部) is a cabinet-level ministry overseeing labor affairs.Its predecessor agency, the Division of Labor, was established under the direction of the Minister of Social Affairs (사회부장관) on 11 November 1948. [1]
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Great Workers' Struggle, mass wave of strikes in South Korea in 1987 demanding better working conditions and autonomous unions, inspired by the June Democratic Struggle. [3] 1988 Hyundai strike, 24-day strike by Hyundai Group workers in South Korea. [4] [5] 1988–89 Hyundai strike, 3-month strike by Hyundai workers in South Korea. [6] [7]