48
April, 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:
https://www.ilo.org/
https://data.worldbank.org/
https://migrationdataportal.org/
https://www.un.org/development/desa/pd/
https://vivoclinic.com/
https://travel.state.gov/content/travel/en/traveladvisories/COVID-19-Country-Specific-Information.html
http://www.oecd.org/coronavirus/policy-responses/managing-international-migration-under-covid-19-6e914d57/
https://foreignpolicy.com/2021/01/28/south-korea-migrant-workers/
https://kosis.kr/statHtml/statHtml.do?orgId=101&tblId=DT_1DA7001S&conn_path=I2&language=en