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Economy

A 'lost generation' in South Korea bears the brunt of rising inequality

Youth unemployment runs double the national average, with few solutions in sight

A woman looks at recruiting information during a job fair in Seoul.   © Reuters

SEOUL Employment in South Korea is about much more than pay. Social status comes from job title and employer, and anyone not at an established company can feel the heavy stigma of failure.

Young people are bearing that burden the most. The unemployment rate among 15- to 29-year-olds is over 8%, which is more than double the overall figure.

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