According to the National Statistical Office on March 15, the number of the unemployed stood at 1.35 million last month, up by 33,000 from a year ago. This figure was the highest since August 1999 (1,364,000).
The nation's unemployment rate reached 5.0 percent last month, up by 0.1 percentage point from a year before, the highest since January 2010 (5.0%).
In particular, the unemployment rate of young people aged from 15 to 29, reached 12.3 percent, down by 0.2 percentage point from a year before (12.5%) but the second highest in history.
The increase in the unemployment rate was primarily due to the decline in the number of manufacturing jobs. The number of people hired by the manufacturing sector stood at 4,449,000 last month, down by 92,000 from a year earlier. The number of those hired by the manufacturing sector has been on a downward trend since July 2016.
The Military Mutual Aid Association, the Employment Insurance Fund and an unidentified South Korean institutional investor have committed a total of $110 million to LaSalle Investment Management’s 804 million-pound ($1 billion) debt fund focusing on the UK and western Europe.&hellip
Private equity firm KKR & Co. and the Public Officials Benefit Association (POBA) have put two commercial buildings in South Korea up for sale separately, in transactions expected to fetch a combined $1 billion and in what would be KKR’s&hellip
The Public Officials Benefit Association (POBA) will select two to three US private debt fund houses to make senior secured, direct lending of around $150 million to US mid-market companies with sales of $50 million to $1 billion. The amount&hellip