Both the number of new workforce and jobs stagnant in Korea, reports indicate

Government data has suggested a looming labor shortage due to a population cliff in the next decade, but another survey indicated Friday that young workers entering the labor market are struggling to find full-time jobs. A medium- to long-term labor supply outlook released by the Korea Employment Information Service indicated South Korea will face shortage of 1.22 million workers by 2023. Even accounting for advances in artificial intelligence that could replace some human labor, the supply of t