The Status of Youth Unemployment in Korea and Policy Tasks

摘要: Youth unemployment in Korea is a structural problem that has persisted since the Korean financial crisis. Since 2000, youth rate been averaging around 8% and 2006 was no exception with rates reaching first half. Despite government efforts to tackle unemployment, there are currently signs of improvement. There largely five problems causing unemployment.1 First, 2003, Korea’s economy slow economic growth struggling at 3%5% coefficient employment, number employed workers per every one billion won Gross Domestic Production (GDP), dropped half level 1990 2005. This caused reduction employment absorptive capacity making it diff icult for college graduates find jobs. Second, too many highly educated people seeking About 80% young job seekers graduates, but unfortunately only 30% jobs society demand workers. Third, education schools do not satisfy demands society. As case, employers seek experienced from other previous which reduce opportunities new also increases duration. Fourth, public sector investment regional vocational training weak because entrusted voluntary commitment private instead sector, even lack self by large enterprises. Fifth, compared advanced nations, lacks support services such as availability information on openings recommendation. Due these problems, shows improvement despite continuous solve each year through policy proposals budget allocation. And its nature, difficult this issue short period time initiatives. Structural require indirect solutions led councils direct intervention government. study will focus an background high school or below.2 In chapter 2, we look into status 3 unemployed below be identified analysis separation finding rate. Chapter 4 reveal results interview survey