'I feel sorry toward my parents': Youth job market remains a needle's eye

Koo, 28, who works on a contract basis at a large company, is growing anxious as the end of his contract approaches. Since his position does not offer the possibility of becoming a regular employee, he knows he must secure a job during the second half of this year. Until now, he has applied only to companies he really wanted to work for, but he is now prepared to consider any employer, including startups. “From what I can tell, the number of job postings this year seems to have fallen by half compared with last year,” Koo said. “I hate being compared with my cousins who have already found jobs, and I feel sorry toward my parents, so I don't want to go home for Chuseok.” For young people preparing for employment, Chuseok is not necessarily a welcome holiday. While Korea's economy is said to have recorded its highest-ever growth rate, driven by semiconductor exports, the gateway to employment for young people has narrowed to a gap smaller than the eye of a needle, leaving them reluctant to face their families. According to government data, the August employment rate among people ag