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Korea Youth Unemployment

Youth unemployment (ages 15-24)  SL.UEM.1524.ZS

Korea's youth unemployment was 6.70% in 2025, ranked 38th globally. This represents a 4.1% increase from 2024. Data from World Bank, covering 1991–2025.

6.70% +0.26pp (+4.1%)
Year 2025 Rank #38 Global Peak 15.72% (1998) Source World Bank

Korea Youth Unemployment (1991–2025)

Overview

Korea's youth unemployment stood at 6.70% in 2025, a rise of +0.26pp from 2024. Based on recent trends, this figure is projected to reach 5.77% by 2026. Korea ranked 38th globally.

South Korea’s youth unemployment rate stood at 6.70 % in 2025, placing the country 38th in the world, and remains marginally above peers such as Macao SAR, China (6.78 %) and Singapore (6.78 %). The indicator has fluctuated over the 35‑year series, climbing from an early‑period level of 7.16 % in 1991 to an all‑time peak of 15.72 % during the Asian financial crisis of 1998, before falling to a trough of 5.41 % in 2023. The post‑crisis recovery was driven by rapid expansion in high‑tech manufacturing and a surge in graduate enrolment, while recent modest increases reflect tighter labour market conditions and a slowdown in job creation for recent graduates. Continued structural reforms in vocational training and stronger alignment between university curricula and industry needs could sustain the recent decline, suggesting that the youth unemployment rate may trend lower if policy momentum is maintained.

Data & projection

Year Youth Unemployment YoY change Rank
2028* trend 5.18% - -
2027* trend 5.48% - -
2026* trend 5.77% - -
2025 6.70% +0.26pp #38
2024 6.43% +1.03pp #37
2023 5.41% −1.23pp #31
2022 6.64% −1.42pp #35
2021 8.06% −2.09pp #39
2020 10.14% +0.32pp #51
2019 9.83% −0.29pp #68
2018 10.12% +0.34pp #74
2017 9.78% −0.36pp #68
2016 10.15% +0.25pp #62
2015 9.90% +1.31pp #62
2014 8.59% −0.35pp #50
2013 8.94% +1.21pp #54
2012 7.74% −0.56pp #42
2011 8.30% −0.24pp #46
Show all years (1991-2025)
* Linear trend extrapolation

Detected Pattern

Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +13.6% GDP growth 5.2% C/A balance 0.2%
Occurred 768 times, 546 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.8%
GDP growth
43.8%
C/A balance
16.4%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%

Analysis

Korea matched the Export Boom Cycle pattern in 2006. Historically, 71% of countries showing this pattern (546 out of 768) saw youth unemployment improve within 24 months. View full analysis →

Frequently Asked Questions

What is Korea's youth unemployment?▾

Korea's youth unemployment was 6.70% in 2025. Ranked 38th globally. This represents a 4.1% increase from the previous year.

What was the highest youth unemployment in Korea?▾

Korea's youth unemployment peaked at 15.72% in 1998.

What was the lowest youth unemployment in Korea?▾

The lowest youth unemployment in Korea was 5.41% in 2023.

How does Korea rank in youth unemployment?▾

Korea ranks 38th globally in youth unemployment as of 2025.

What is the World Bank indicator code for youth unemployment?▾

The World Bank indicator code is SL.UEM.1524.ZS. Data sourced from World Bank.

What is the projected youth unemployment of Korea in 2026?▾

Korea's youth unemployment is projected to reach 5.77% by 2026 based on trend extrapolation.

What is the youth unemployment of Korea in 2025?▾

The youth unemployment of Korea in 2025 was 6.70%. This ranks 38th in the world.

Cite this page

APA
Korea Youth Unemployment. HistorySaid. Retrieved October 22, 2026, from https://historysaid.com/korea/youth-unemployment/
BibTeX
@misc{historysaid_korea_youth-unemployment, title = {Korea Youth Unemployment}, url = {https://historysaid.com/korea/youth-unemployment/}, publisher = {HistorySaid}, year = {2026} }
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