Home » Legal developments » National legislation » South Korea: towards a ‘new deal’ for employment South Korea: towards a ‘new deal’ for employment South Korea distinguished itself by implementing from 01 March innovative and resolute measures in its fight against the Covid-19 pandemic, which have enabled it to rapidly stem any wider spread of the virus. The country is now paying the price of being highly dependent on international trade alongside weak domestic consumption, despite having been able to avoid strict lockdown measures. Through . Published on 20 May 2020 Ă 12h37 - Update on 20 May 2020 Ă 12h37 Resources According to the latest official employment figures released on 13 May, unemployment, according to the strictest definition, reached 4.2% of the active population in April. However the labor underutilization indicator (supplementary index III), saw underemployment in April reach a record 14.9% of the active population, and even as high as 26.6% among the 15-29 year old cohort. This means that 4.42 million people out of a total working population of 29.68 million,… Managing the fallout of Covid-19 Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialitĂ©.NameThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels