Korean students usually attend the university for about six years, due to going abroad for English studying. When they submit the application for getting a job to companies, Toeic results have to be included in it.
Poor students when graduating from the university are indebted to banks because of loans for school expense.
Except graduates obtaining regular jobs, considerable ones go to work usually for four years in a certain company, each two years as a dispatched worker and contract one, and then dismissed from the company permanently. Because if a company employs a worker as the same type of work for over two years, it must continue to employ the worker as a permanent one according to the labor law. So the company employs a worker for example as a dispatched type, just before completing two years, fires and then employs the person as a contract one nominally.
A sociologist who studied and obtained doctorate in France wrote a book titled “The 880,000 won’s Generation”, which described unemployed graduates or temporary young people in a very realistic tone. The book was paind much attention to by many people, because it bore the gloomy sketches of the young graduate workers and the grotesque foreboding of the market capitalism, together with the obvious message expressing the number ‘880,000 won (about $780 of a monthly salary)’ title. The sociologist's prospect seems unfortunately not wrong so far.
Korea’s economy caught in a state of national default was helped from IMF on December 1997, after that Korea’s economy has been kept in the low-rates of growth compared with the previous period of the high-rates of over 8-9 percent per year like today’s China. As a result, in spite of compartively sound economy, several graduates did not obtain regular jobs, even worse the unstable graduate ones have accumulated continually since that times. The local companies which had experienced the cruel recession avoided employing the middle-abled graduates as a regular worker in consideration with labor cost and a strong union. They employ excellent and necessary graduates as a regular basis.
The unemployment is nowadays a worldly prblem regardless of the developing level of the country’s economy. The unique recipe is to boost entrepreneurship in order to make jobs. But the entrepreneurship is related to human will and creativity rather than the solid economic policy. We should analyze the real world objectively, but what is more important is we should encourage the young people to change their attitudes positively. Any countries have their own economic problems, and historically we could see that the presnt economic problems are smaller than the previous times. (The end)
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