Monthly unemployment rate South Korea 2020-2023

Published by L. Yoon, Feb 14, 2024

In December 2023, the unemployment rate in South Korea stood at 3.3 percent, up slightly from December 2022. The country saw its highest unemployment rate since 2000 in January 2021, which was 5.7 percent. One of the major concerns in the country is the high unemployment rate among young people.

Monthly unemployment rate in South Korea from January 2020 to December 2023

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Release date

January 2024

Region

South Korea

Survey time period

January 2020 to December 2023

Age group

15 years and older

Supplementary notes

An unemployed person is a person age 15 years or older who was without a job during the survey week but has been actively seeking employment in the past four weeks and is ready to begin work immediately.

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