Combined unemployment and time-related underemployment rate South Korea 2015-2023

Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2023

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Release date

February 2024

Region

South Korea

Survey time period

2015 to 2023

Age group

15 years and older

Supplementary notes

The combined rate of time-related underemployment and unemployment is one of the labor underutilization indicators of the International Labour Organization (LU2 indicator) and is calculated as [(persons in time-related underemployment + persons in unemployment) / labor force] x 100.

It captures the unemployment situation in a broader way by including people in time-related underemployment, those who worked less than 36 hours per week and wanted or were able to work additional hours.

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