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

South Korean job market leaves young 'remainders' in cold

Gulf between 'chaebol' and smaller employers sows frustration

KIM JAEWON, Nikkei staff writer | South Korea

SEOUL -- Employment in South Korea is about much more than a paycheck. Social status is entwined with one's job title and employer, and anyone without a position at an established company is likely to feel the heavy stigma of failure.

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

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