The Korean economy has seen a prolonged low-growth trend since 2000, and the employment elasticity of growth is slowing down as the industrial structure advances. As a result, the existing companies are not creating sufficient jobs while their restructuring has become frequent. There is a...

Since the start of the new millennium, the Korean economy has experienced slow growth, as well as a drop in employment elasticity with growth due to advancement of the industrial structure. This stunted growth has weakened job creation within existing firms, which has prompted corporate...