Asia-pacific
S Koreans bank on beating unemployment
New national bank initiative aims to create jobs in bid to battle spiralling youth unemployment.
Last Modified: 14 Aug 2012 12:01

In South Korea, the youth unemployment rate is double the national average.

Many young Koreans find it difficult to find a job after they graduate. 

So Yoo Ran, a 24-year-old college graduate, for example, could not keep a full-time job after leaving college.

South Korea's Youth Union is stepping in to help, with a bank initiative aimed at helping to reduce youth unemployment.

"Up until June, I was still looking for a job, but I couldn’t find one I liked. So I started to volunteer at that Youth Solidarity Bank, in a sense to hang out. But now I get paid, doing something I love to do," So told Al Jazeera.

Al Jazeera's Harry Fawcett reports from Seoul, South Korea.

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Al Jazeera
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