South Korea’s employment growth slowed down last year on the manufacturing industry’s slump and the faltering real estate market, statistical office data showed Wednesday.
The number of the employed people aged 15 or higher increased 327,000 over the year to 28,416,000 in 2023 after surging 816,000 in the previous year, according to Statistics Korea.
The labor market remained sluggish amid the lingering economic uncertainties, affected by the weak manufacturing sector and the high interest rates leading to the housing market downturn.—Xinhua
