Posted inJapan, Northeast Asia, South Korea, World

Why Japan and South Korea have contrasting unemployment rates

Japan and South Korea are in stark contrast. Japan’s unemployment rate dropped to 2.4% last January, the lowest rate in 24 years. On the other hand, South Korea’s unemployment rate hit 4.5%, with the number of Koreans out of work reaching 1.25 million in May. The situation is considerably worse for people aged between 15 and […]