Market Intelligence Reports

Quarterly Global Market Report Q1 2021

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87 February, 2021 South Korea Total Workforce (000s) Jan '20 27,388 Unemployed Workers (000s) 1,479 Unemployment Rate 5.4% Youth Unemployment Rate 9.3% 8,634 32,877 8,030 273 1,390 66 19 years or Under Prime Working Age (20 -64 years) 65 years+ Local Born Foreign Born Population In Thousands 15,601 15,346 15,370 15,489 15,434 3.3% 4.0% 4.4% 3.5% 3.6% 11,910 11,545 11,585 11,703 11,639 2.9% 4.3% 4.3% 3.5% 3.8% 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 Male Employed Male Unemployed (%) Female Employed Female Unemployed (%) 73.5% 72.7% 73.0% 72.8% 72.5% 54.1% 53.1% 53.2% 53.3% 53.1% 2019Q4 2020Q1 2020Q2 2020Q3 2020Q4 Male Participation Rate Female Participation Rate 3.4% of the population is foreign born. 54% of the migrants are male. Over 2.2 million South Koreans have emigrated. 82% of the population live in urban areas. Government has suspended the requirement for medical authorities to report irregular migrants to the immigration office. South Korea's Ministry of the Interior and Safety reported that the population of South Korea has decreased for the first time. South Korea will need more migrant workers in the future particularly for low skilled work. More than 1,600 Covid-19 deaths. Borders are open but flights from the UK have been suspended. Mandatory testing and quarantine in place. Non-essential shops are open. Night time curfew in place. Schools are open. Impact of Covid-19 on Labor Force Over Time Labor Force Participation Rates by Gender Migration Migration Migrant Stock by Working Age (June 2020) Latest Labor Force Statistics Workforce Labor Force Employed and Unemployed by Gender Covid-19 – Daily Confirmed Cases (7 Day Average) Covid-19 Restriction Update (End of February 2021) Covid-19 Update and Restrictions Employed W orkers in Thousands Key Sources:

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