Job change rate highest among those under 30: 2.6% from SMEs to large companies = Korea
In South Korea, one in five people who changed jobs in 2021 was found to be under the age of 30. One in three people who changed jobs moved to jobs with even lower monthly salaries.

According to the 2021 Job Change Statistics released by the South Korean National Statistical Office on June 8th, the job change rate was highest among those under 30 (20.9%), those in their 30s (15.9%), and those over 60 (14.7%), in that order.

This means that one in five workers under the age of 30 (ages 15 to 29) have changed jobs.

The maintenance rate was highest in the 40s (75.9%), 50s (74.8%), and 30s (71.5%) in that order. Compared to the previous year, the job change rate increased in all age groups, and the retention rate increased in those in their 50s and 60s and older.

Meanwhile, of the 2.198 million wage earners who changed jobs in 2020-2021, 36.4% saw their wages decrease.

This is a tally of regular wage earners, excluding day laborers and special-type workers. Wage information is based on monthly average pre-tax wages based on social insurance and tax data.

The percentage of those who changed jobs to jobs with reduced wages was highest among those aged 60 and over (44.6%), followed by those in their 50s (40.7%), 40s (36.9%), 30s (32.5%), and under 20s (30.7%).

Wage reduction after job change was less than 250,000 won (12.2%), followed by 500,000 won to less than 1 million won (7.2%), 250,000 won to less than 500,000 won (6.8%), and 1 million won. Won or more and less than 2 million won (5.3%) followed by 2 million won or more (4.9%).

In 2021, there will be 25.49 million registered workers (wage and non-wage workers identified from administrative data such as the four major social insurances), an increase of 658,000 from the previous year.

Looking at whether or not it is possible to change jobs, there are 15.8% who are unregistered, new entrants, 68.7% who work at the same company, and 15.5% who move between companies.

In 2020, there were 3,368,000 registered workers, but in 2021, 3,368,000 were unregistered due to employment outside the system or unemployment, down 125,000 from the previous year.

Among those who changed jobs, 93.1% of wage earners continued wage work after changing jobs. Among non-wage workers such as the self-employed, 85% switched to wage work. It means quitting the business and becoming a company employee.

Of the 15,526,000 SME workers in 2020, 10.25 million (66.0%) worked in the same workplace in 2021, and 2.348 million (15.1%) moved to other SMEs.

409,000 people (2.6%) moved to large companies, 186,000 people (1.2%) moved to non-profit companies, and 2,332,000 people (15%) went unregistered.

After gaining experience at small and medium-sized enterprises, there were few cases of people changing jobs to large companies.
2023/06/09 13:25 KST