Helpful Resources for Making it Big in Korea
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McKinsey & Company Report on the Job Market for New Korean Graduates
A recent report from McKinsey & Company included the following startling statistics:
- 42% of college graduates in South Korea are over-educated for the jobs available
- Less than 50% of 2010 college graduates were employed full-time in 2011
As Steven has written on Nojeok Hill, it's difficult for foreigners to find work in Korea because there are tens of thousands of highly educated Korean graduates struggling to find jobs as well. This really puts that into perspective.
Here's the full report for those interested: http://mckinseyonsociety.com/e2e_casestudy/meister-high-schools-sou...
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Replies to This Discussion | 이 토론에 대한 답글들
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Permalink Reply by Martijn Bontenbal on -
Very interesting report James, thanks for posting.
One point that stood out for me, as one of many foreign university graduates, is that 20% of the SME's has a labor shortage and Korean graduates are often unwilling to look beyond the large corporations. This could mean there is a gap which could be partially filled by foreign graduates who are willing to take on internships/jobs at smaller companies. (I am assuming here that I am not the only who does not mind working at smaller companies.)
However, how many of those SME's are willing to hire English-speaking foreigners to battle their labor shortage. And to what extent can foreign graduates fill the gap (e.g. as plenty of us are not educated for specific skilled labor)?
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