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.
KTB Investment & Securities Co. Ltd. and the Military Mutual Aid Association’s (MMAA) investment firm have recently closed a 91.5 billion won ($82 million) fund to acquire an Airbus A330-300 model for lease to Singapore Airlines. The South Korean brokerage&hellip
The National Pension Service (NPS) will further increase the proportion of overseas investment with a higher share of global equities, according to its asset allocation plan for the 2017-2022 period. Global equities will make up around 25% by end-2022, versus&hellip
South Korea’s leading asset owners are planning to expand private debt investment this year in pursuit of medium risks and medium returns, setting their eyes on direct lending and mezzanine notes. In a recent poll of the country’s 20 institutional&hellip