According to the BOK Issue Note released on the 18th by the High Employment Research Team of the Bank of Korea’s Survey Department, between June 2022 and June 2026, South Korea saw a reduction of 285,000 jobs for youth (aged 15–29), with 268,000 (94%) concentrated in industries highly exposed to AI, including information services, publishing, computer programming, and professional services. Meanwhile, employment among those aged 50 and above increased by 230,000, with 75.2% of these gains also coming from AI-exposed industries. The report notes that following the release of ChatGPT, the average unemployment rate for university graduates rose to 7.0%, higher than the 5.4% rate for youth with vocational or lower education—previously nearly identical. The report recommends that policies focus on building new career pathways to help young people accumulate experience and skills with AI assistance, rather than simply preserving entry-level positions.
Korea Bank Report: 94% of Youth Job Losses Over 4 Years Linked to AI-Exposed Sectors
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Summary
A daily market report from the Bank of Korea’s High Employment Research Team shows that 285,000 youth jobs (ages 15–29) were lost between June 2022 and June 2026, with 94% in AI-exposed sectors such as information services and programming. Employment for those aged 50 and above increased by 230,000, with 75.2% in similar fields. A weekly market report noted that, following ChatGPT’s release, unemployment among university graduates reached 7.0%, higher than 5.4% for those with lower levels of education. The report calls for policies to help youth build AI-supported careers, rather than merely preserving entry-level positions.
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