Amongmajor countries worldwide, Korea turned out to be the only country where youthjobless rate increased in the first quarter of this year. In contrast to theworsening of the youth jobless rate in Korea, those of the United States, Europe,and Japan marked an improvement.
Onlyfour countries, including Korea, saw their youth jobless rate worsen comparedto a quarter ago, among OECD countries. According to OECD on May 14, Korea'sjobless rate for those aged from 15 to 24 stood at 10.0 percent in the firstquarter of this year, up 0.1 percentage point from 9.9 percent in the fourth quarterof last year.
Inaddition to Korea among OECD countries, Austria (from 10.4% to 10.5%), Latvia(from 16.9% to 17.4%) and Chile (from 15% to 16.1%) saw their youth unemploymentrate rise compared to a quarter ago.
Theyouth jobless rates of other OECD countries showed improvement in the firstquarter of this year, with the average youth jobless rate of OECD countriesfalling by 0.4 percentage point from 12.7 percent to 12.3 percent.
TheEU saw its youth jobless rate fall from 18.1 percent to 17.4 percent, whileAmerica's youth jobless rate dipped from 10.2 percent to 9.7 percent.
The Public Officials Benefit Association (POBA) will select two global private credit managers to invest around $200 million in mezzanine debt via separately managed accounts (SMAs). POBA will allocate $100 million to each of two SMAs through two domestic investment&hellip
The Government Employees Pension Service (GEPS) will allocate $20 million to US dollar-denominated structured notes based on South Korean credit default swaps (CDS) and three-month US dollar LIBOR. It received proposals for the investment mandate by the afternoon of June 26.&hellip
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip