A recent report from McKinsey & Company included the following startling statistics:
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...
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)?