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More young Koreans start careers on short-term contracts: report

SEOUL, July 29 — A growing number of young people in South Korea are beginning their careers with short-term contracts, an indication of the struggle to find stable jobs, a report showed Thursday.

According to the report by Statistics Korea, the ratio of those who started their working career on a one-year contract or shorter accounted for 16.3 percent of the total employed people aged 15-29. The ratio is much higher than the 8.7 percent and 11.2 percent surveyed in 2006 and 2008, respectively.

The report also showed that the ratio of people starting their careers on longer-term contracts exceeding one year made up 5.3 percent of the total, compared with 6.7 percent and 6.4 percent of the cited years.

Young people who were recruited with a contract that does not specify the working period declined to 59.4 percent from 65.6 percent and 63.2 percent, according to the report.

The report did not mention reasons for the increase of short-term employment among the age group, but the figures come as young people here are faced with a tougher reality in finding jobs than other age groups.

The latest job data showed that South Korea's youth employment rate stood at 8.3 percent last month compared with its headline jobless rate of 3.5 percent.

Reflecting the concerns, the government recently said that it will unveil a package of measures next month to cope with rising unemployment among its young people.

Meanwhile, the report showed that the total population of younger people stood at 9.72 million in May, down from the previous year's 9.79 million.

Of the total, the employment rate was 41.4 percent, slightly higher than the previous year's 41.3 percent, but the total number of employed people fell 0.4 percent or 15,000 over the same period to around 4 million, according to the report. (PNA/Xinhua)

LOR/ebp

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