Young Korean workers hit hardest as AI automation slashes jobs
More than half of the jobs lost by young Koreans in July were concentrated in industries heavily exposed to artificial intelligence (AI). This marks a dramatic departure from previous years, when youth employment dips were primarily driven by slowdowns in traditional manufacturing and in-person services. The latest figures from the Ministry of Data and Statistics reveal that the number of…
In July, a staggering surge in artificial intelligence (AI) automation triggered a dramatic drop in youth employment rates among Koreans, according to recent data released by the Ministry of Data and Statistics. Young workers, aged 15 to 29, experienced a significant loss of jobs, with over 191,000 positions eliminated compared to the previous year's corresponding period.
The information and communications sector, which includes computer programming, telecommunications, and digital media publishing, bore the brunt of the decline, shedding a whopping 74,517 jobs – the sector's most substantial single-month loss since tracking began in 2014. Meanwhile, employment within professional, scientific, and technical services, encompassing legal advice, accounting, corporate consulting, and taxation, saw a further 23,640 jobs vanish.
Collectively, these two knowledge-intensive sectors accounted for 51.3 percent of the overall youth employment reduction.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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