Did the unemployment rate in Korea decrease?
Looking at the current statistics, the rate of unemployment has seemingly decreased in the last ten years. This may not be a certain number however, based on surveys, there is about a 10% decrease in the unemployment rate since 2014.

Measures of surveys
- 2010 survey of Pulse Asia
- 2014 survey of Asian Times
- 2024 survey of Korea Highlights
Korea Today
The Korean culture today has greatly impacted the lives of the people living in the country. Most Koreans have found convenience and comfort in working from home. A lot of Korean young adults have already been taking various jobs which are virtual focused with remote schedules. They have preferred this over commuting everyday, having to fight for train seats and office spaces. Some have even liked working in cafes and coffee shops. This has greatly helped the Korean economy and environment with less expenses spent on travel and less carbon on the atmosphere.
Korean Workforce
Over 63% of employed Koreans are aged from 15 to 60 years old. This is a manifestation that teenagers have already started job hunting even at a young age. While the older generation has been planning retirements, traveling across the world, the younger ones have kept up with the labor workforce all over the globe.
At the start of the pandemic, the rate of employment in the country has been fluctuating as there have been major changes and adjustments which everyone must conform to. A lot of companies have closed their doors, as a result, a lot of people have lost their jobs. Although the Korean government employed reinforcements to address unemployment despite the lockdown, but people have been too worried about their safety and well-being to focus on the increasing unemployment in the country.
As the pandemic went on for two or more years, Koreans were able to adapt to the changes brought about by the same. As they eased in the comfort of their homes, they were also able to discover along with it that some jobs can actually be performed without leaving one’s house.
Modern technology has greatly helped the country get back on its feet as people have discovered the wonders of working through the virtual world. Phones, laptops, personal computers, tablets, and any other gadget have been utilized by the people not just to connect with one another, but more importantly to earn a decent income enough to sustain their day to day needs. Indeed, the Koreans have adjusted well to the challenges of time vis-a-vis the unemployment which would have hurt the country badly if not for the resilience of the Korean people.