Young people resting, old people working

The number of South Korean employees aged 60 and above more than doubled in 10 years, but not many work in high-paying jobs. – 123rf.com

LAST month, nearly 500,000 young people aged 15 to 29 in South Korea gave up looking for a job.

According to Statistics Korea, the population of young people choosing to be unemployed without looking for jobs increased to 497,000 in February, the largest number since related statistics were first compiled in January 2003.