The AI Windfall Conundrum: Can South Korea's "Jobless Growth" Be Addressed? South Korea's Labour Minister Kim Young hoon has sounded a warning bell about the country's booming chip sector.
The tax revenues generated by this growth are unprecedented, but they also pose a daunting question: how to use them to benefit not just tech giants, but the younger generation struggling to find employment.
The numbers are stark: over 1. 7 million people in their 20s and 30s in South Korea are currently unemployed or not actively seeking work, with the youth employment rate at its lowest level since the pandemic.