South Korea's latest big export: Jobless college graduates

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Cho Min-kyong boasts an engineering degree from one of South Korea's top universities, a school design award and a near-perfect score in her ...

SEOUL: Cho Min-kyong boasts an engineering degree from one of South Korea's top universities, a school design award and a near-perfect score in her English proficiency test.

Almost one-third went to Japan, which is undergoing a historic labour shortage with unemployment at a 26-year low, while a quarter went to the United States, where the jobless rate dropped to the lowest in nearly half a century in April. Nearly one in five young Koreans was out of work as of 2013, higher than the average 16 per cent among the member countries of the Organization for Economic Cooperation and Development.

A jobseeker looks at a booth during the 2018 Japan Job Fair in Seoul, South Korea, November 7, 2018. Picture taken November 7, 2018. REUTERS/Kim Hong-Ji Even amid a glut of over-educated and under-employed graduates, most refuse to"get their hands dirty", says Lim Chae-wook, who manages a factory making cable trays that employs 90 people in Ansan, southwest of Seoul."Locals simply don’t want this job cause they think it's degrading, so we're forced to hire a lot of foreign workers," Lim said, pointing to nearly two dozen workers from the Philippines, Vietnam and China working in safety masks behind welding machines.

Lee Sun-hyung, a 30-year old athletics major, used K-move to go to Sydney to work as a swim coach in 2017 but earned less than A$600 a month, one-third what her government handlers told her in Seoul.

Source: Education Headlines (educationheadlines.net)

 

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