Seoul Warns Youth Joblessness Could Threaten South Korea’s Survival

South Korea faces a growing crisis with a record number of young people disengaging from work and education. The number of NEETs, or young people not in employment, education, or training, has surged by 50% despite a shrinking youth population. This trend is attributed to factors like burnout, harsh working conditions, and high job requirements. Jobless growth, automation, and preference for experienced hires by large companies contribute to the problem. The economic cost of rising NEET levels is substantial, with a significant portion holding college degrees. Extended periods of unemployment make it increasingly difficult for young people to re-enter the workforce. The government is implementing a "first step" program to locate and support unemployed youth. This initiative includes virtual workplaces for job skill practice and social reconnection. The government aims to reach a significant percentage of NEETs with tailored assistance. The situation is so dire that it is feared it could lead to population decline.