Yeolchae
Joined: 24 Aug 2006
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 Posted: Fri Sep 22, 2006 1:52 am Post subject: Unstable jobs not confined to ESL industry in Korea |
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http://english.chosun.com/w21data/html/news/200609/200609210033.html
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The International Monetary Fund has slammed Korea for failing to generate more permanent jobs. A report titled �Asia and Pacific Regional Economic Outlook� published Thursday in effect suggests that the Korean economy�s driving force has stopped working amid the country posting growth below its potential growth for several years.
The Korean economy has �a staggering 37 percent of salaried employees now under fixed-term contracts
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According to its analysis, the non-regular jobs the Korean economy produces are highly unstable and workers �face substantially higher probability of a return to unemployment.�
The IMF also says its analysis of how much the wealth gap in major countries in the Asia Pacific region widened over the last decade shows that Korea did worst in this regard. |
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