See More on Facebook

Current affairs, Economics

South Korea jobless rate rises to 4.4% in April

Weak job markets and uncertain macroeconomics have contributed to increased unemployment.


Written by

Updated: May 15, 2019

South Korea’s jobless rate rose to 4.4 percent in April, government data showed Wednesday, in the latest sign of a weak job market amid an economic slowdown in Asia’s fourth-largest economy.

The unemployment rate increased 0.3 percentage point from a year earlier, according to the data compiled by Statistics Korea.

It also marked the highest level for any April since 2000, when the corresponding figure stood at 4.5 percent.

The number of employed people reached 27.03 million in April, an increase of 171,000 from the same month in 2018.

The unemployment rate for young adults — those aged between 15 and 29 — rose to 11.5 percent last month from 10.7 percent tallied a year earlier.

By industry, the manufacturing sector — the backbone of South Korea’s economy — continued to suffer a decline in job offerings by losing 52,000 jobs in April, and the retail and wholesale sector also saw a reduction of 76,000 positions.

In contrast, the health and social welfare sectors added 127,000 jobs, and the education service sector saw an increase of 55,000 jobs last month.



Enjoyed this story? Share it.


The Korea Herald
About the Author: The Korea Herald is the nation’s largest English-language daily and the country’s sole member of the Asia News Network.

Eastern Briefings

All you need to know about Asia


Our Eastern Briefings Newsletter presents curated stories from 22 Asian newspapers from South, Southeast and Northeast Asia.

Sign up and stay updated with the latest news.



By providing us with your email address, you agree to our Privacy Policy and Terms of Service.

View Today's Newsletter Here

Current affairs, Economics

Thai CEO sentenced to six months in jail over poaching rifles

The conviction is a rare victory for the conservation movement in Thailand. Italian Thai Development president Premchai Kannasutra has been sentenced to a non-suspended six-month imprisonment for carrying hunting rifles in an infamous case in which a black panther was poached in a national park in February of last year. The construction tycoon admitted to the charge in a Criminal Court session today (August 20), in which the judges sentenced him to a one-year prison term, before halving it due to his confessing to the crime. Premchai was in possession of two hunting rifles and a homemade one when apprehended, according to an investigation report of Thong Pha Phum police in Kanchanaburi province. Despite offers made on Premchai’s behalf by his defence attorney, the court refused his request for a suspended imprisonment, citing his convictions in two separate trials, both of which involve the poaching c


By The Nation (Thailand)
August 21, 2019

Current affairs, Economics

India successfully places probe in moon’s orbit

Landing attempt will take place on September 7. In a significant step for India’s moon mission, Chandrayaan-2 spacecraft was successfully placed in the moon’s orbit on Tuesday in a nerve-wracking manoeuvre, the Indian Space Research Organisation (ISRO) said. According to the Indian Space Research Organisation (ISRO), the Lunar Orbit Insertion (LOI) was completed successfully at 9.02 am as planned using the onboard propulsion system. All the systems of Chandrayaan-2 are healthy. “The duration of manoeuvre was 1,738 seconds. With this, Chandrayaan-2 was successfully inserted into a lunar orbit. The orbit achieved is 114km X 18,072km,” the ISRO said. The 3,850-kg Chandrayaan-2, a three-module spacecraft comprising an orbiter, Lander Vikram and rover, which was launched on July 22, will make a soft-land on the moon on September 7. The process of setting down Chandrayaan 2 on the Moon i


By The Statesman
August 21, 2019

Current affairs, Economics

Seoul reviews military intel-sharing pact with Japan

Koreans divided on GSOMIA as the deadline for renewal emerges on Saturday. Nearly six decades have passed since South Korea and Japan signed a treaty to normalize diplomatic ties in 1965, but their relationship has been fraught since then with continued bitterness over the history of Korea’s colonization. Now, as the relationship of the “frenemies” hits a new low with a budding trade war, Seoul has hinted at scrapping a military intel-sharing pact with Tokyo. But while South Koreans are unified in denouncing Japan’s increased controls on exports to South Korea, opinions are split over whether it is appropriate to use the military informati


By The Korea Herald
August 21, 2019

Current affairs, Economics

Ho Chi Minh attracts nearly 4 billion USD in investment in 2019

Manufacturing and textiles among key sectors. HCM City attracted about US$3.63 billion of foreign direct investment (FDI) capital in the first seven months of this year, marking a year-on-year increase of 15.2 per cent, according to the municipal People’s Committee. Nearly $688.8 million came from 678 newly registered projects, up 26.9 per cent in value and 18.3 per cent in the number of projects from the same period last year. In the period, 2,668 foreign investors bought shares and acquired stakes of domestic enterprises with total registered capital of $2.6 billion, 28.3 per cent and 16.7 per cent higher respectively than in the same period last year. Meanwhile, HCM City granted business licences to 24,529 new domestic enterprises worth more than VND396 trillion ($17 billion), up 0.9 per cent and 25.7 per cent, respectively. Up to 71,874 existing enterprises were allowed to add a c


By Viet Nam News
August 20, 2019

Current affairs, Economics

Schools in Kashmir to reopen on Wednesday

The Modi administration has decided to re-open all the middle schools across Kashmir on Wednesday. The J&K Government on Monday said that after the re-opening of primary schools, it has decided to re-open all middle-level schools across the Kashmir valley from Wednesday. This was stated during a joint evening presser here, addressed by Director Information and Public Relations, Dr Syed Sehrish Asgar, Deputy Inspector General of Police (CKR), VK Birdi and Director School Education Kashmir, Muhammad Younis Malik. The officials said the presence of staff at all the primary level schools on Monday was an encouraging sign and the administration has decided to re-open all the middle schools across Kashmir on Wednesday. Regarding the availability of supply stock in the Valley, it was informed that the essential services like PHE, PDD, Food & Civil Services, etc are working continuously. I


By The Statesman
August 20, 2019

Current affairs, Economics

The rise of the militant Islamic State affiliate in Afghanistan

Is ISIS on the comeback and rising in Afghanistan. A suicide bombing at a wedding party in Kabul claimed by a local affiliate of the militant Islamic State (IS) group has renewed fears about the growing threat posed by its thousands of fighters, as well as their ability to plot global attacks from a stronghold in the forbidding mountains of northeastern Afghanistan. The attack came as the Afghan Taliban appear to be nearing a deal with the United States to end nearly 18 years of fighting. Now Washington hopes the Afghan Taliban can help rein in IS fighters, even as some worry that Taliban fighters, disenchanted by a peace deal, could join IS. The US envoy in talks with the Afghan Taliban, Zalmay Khalilzad, says the peace process must be accelerated to put Afghanistan in a “much stronger position to defe


By Dawn
August 20, 2019