US EditionSouth Korea’s Job Market Hits 27-Year Low in May as Hiring Slows
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South Korea’s Job Market Hits 27-Year Low in May as Hiring Slows
South Korea’s job market showed fresh signs of strain in May as the number of job openings per job seeker fell to its lowest level in 27 years, reminiscent of the labor market conditions during the 1998 Asian Financial Crisis. According to data released by the Ministry of Employment and Labor on June 9, the job openings-to-seekers ratio dropped to 0.37 in May, the lowest for the month since 1998 when the figure stood at 0.32. The significant dec…
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