Korea's jobless rate for young people worsened the most among OECD countries in the first four months of this year. Among such countries, only five nations, including Korea, saw their youth unemployment rate worsen compared to the figure marked at the end of last year.
According to OECD on June 18, Korea's jobless rate for those aged from 15 to 24 stood at 11.2 percent as of April 2017, up 2.5 percentage points from 8.7 percent in December 2016.
The remaining four countries are Austria (from 10.2% to 10.5%), Israel (from 6.8% to 7.1%), Germany (from 6.6% to 6.8%) and Japan (from 4.8% to 5.0%).
The growth of Korea's youth unemployment rate was the highest among the five countries, about eight times higher than that of the runner-up country.
Other OECD countries showed improvement in their youth unemployment rates during the same period. The average youth unemployment rate of the OECD countries stood at 12.1 percent, down 0.5 percentage point from 12.6 percent in late 2016.
National Pension Service’s (NPS) recent invitation for investment proposals to domestic private equity and venture capital funds, which amounts to 650 billion won ($577 million), has met with a lukewarm response from fund houses, amid concerns about the $500 billion&hellip
Korea Investment Corporation (KIC) Chief Investment Officer Shinwoo Kang will give a keynote speech in a global real estate and infrastructure summit on Oct. 25 in Seoul, where key investment decision-makers of South Korea’s biggest asset owners are set to&hellip
Asia-based investment firm Pacific Alliance Group (PAG) has bought an office building in southern Seoul from a fund led by the Public Officials Benefit Association (POBA) for around 310 billion won ($273 million), at a time when the growing nuclear&hellip