Korea seen as resembling Japan in youth unemployment
Social affairsMar 15, 2016
South Korea's high youth unemployment could persist for a while, as Japan's did, a local think tank warned Tuesday.Asia's fourth-biggest economy seems to be following in Japan's footsteps when it comes to the growth trend and demographics, according to a report authored by Ryu Sang-yoon, a senior analyst at LG Economic Research Institute in Seoul.The current economic circumstances in South Korea are similar to those of Japan two decades ago, he noted.Unless the potential growth rate rebounds, ch