BoK examines South Korea’s post-Covid jobs recovery
Research points to rebound in services and employees’ desire for greater work-life balance
A rapid recovery in “contact-intensive” service industries and an increase in part-time workers are key to the post-Covid recovery in South Korea’s jobs market, according to research by the country’s central bank.
The report’s authors – Bank of Korea (BoK) researchers Lee Soo-min, Lee Hamin and Oh Sam-il – wrote that this post-pandemic phenomenon, known as a “jobs-rich recovery”, was unusual during an economic recovery. However, they also said it was not unique to South Korea, and had also
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