According to a Statistics Korea job report, there were 232,000 fewer jobs for temporary workers and day-to-day hires in July compared to the same period last year. These are mostly positions in restaurants and on construction sites.
This was in stark contrast to the 272,000 jobs that were added in July compared to a year earlier for employees with contracts that last longer than a year.
More specifically, 108,000 temporary jobs disappeared compared to a year ago while day-to-day jobs saw an even sharper decrease of 124,000.
Temporary jobs have contracts of less than a year while day-to-day jobs last less than a month, as on construction sites.
What are the implications of the current job maket in Korea which has been considerably shrinking?
