u/Ok-Huckleberry5836

30s Jobless Reach 644,000 Amid AI Expansion

30s Jobless Reach 644,000 Amid AI Expansion

So, I looked up the population of the 30 years olds in Korea.. and it's approximately around 7 million [1,965,051+ 1,699,289 + 1,753,722 + 1,562,905 = 6,980,967]. (Same figures from this website).

This means around 9.22% of 30 year olds in Korea are unemployed [644,000/6,980,967 = .0922]. I've always thought the number was high, but it's actually considerably big when you actually punch in the numbers. That's roughly 1 in every 10 thirty year olds. This is really concerning in general. I don't mean to be political, but there needs to be more support for people in this subgroup, especially for an age group where they should be working as much as possible.

chosun.com
u/Ok-Huckleberry5836 — 9 hours ago

Finance minister says Korean won stabilizing against dollar, hopes for alignment with market expectations (1460 won per $)

The rate currently is 1467~ to the dollar. 158 currently for the yen.

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Finance Minister Koo Yun-cheol said Friday that the Korean won has been stabilizing against the U.S. dollar following its depreciation amid the ongoing U.S.-Israeli war with Iran, expressing hopes that it will align with market expectations.

Koo made the remarks during a meeting with Korean reporters in Washington, as the Korean currency strengthened to the 1,460 won range against the greenback after Iran's reopening of the crucial Strait of Hormuz, amid expectations that the United States and Iran will reach a deal to end the war.

"As the (won-dollar) exchange rate has been stabilizing in the 1,460 won-per-dollar range, I think we can discuss that matter if need be," Koo said, responding to a question about whether he plans to discuss the issue during a meeting with U.S. Treasury Secretary Scott Bessent set for Friday afternoon.

The minister voiced hopes that the Korean won will appreciate against the dollar in line with market expectations.

"It is something to be determined by the market, but considering Korea's economic fundamentals, there might be expectations in the market," he said. "I hope it reaches a level that people expect the Korean currency to be at."

Koo was in the U.S. capital to attend meetings of the G20 finance ministers and central bank governors.

He underscored that following the meetings, he realized that the international community has high expectations for Korea's economy.

"I felt that interest in the Korean market has been on the rise," he said.

He added, "As Iran allowed passage (through the Strait of Hormuz), financial markets have stabilized and the stock market has surged. Against this backdrop, I felt Korea can be in a (good) position in the world (economy) should (the government) manage (economic issues) well."

Earlier in the day, Iran's Foreign Minister Abbas Araghchi wrote on social media that the Strait of Hormuz, a vital energy shipping route, is "completely" open in line with a 10-day ceasefire between Israel and Lebanon, which Trump announced Thursday.

koreatimes.co.kr
u/Ok-Huckleberry5836 — 3 days ago

PPP Leader Aimed to Meet White House Spiritual Advisor Paula White

>백악관 신앙사무국 수장으로 도널드 트럼프 대통령의 영적 멘토로 불리는 폴라 화이트 목사 면담도 추진했지만, 일정 문제로 만나지 못했다. 장 대표가 화이트 목사를 만나 국내 강성지지층에게 방미 성과를 보여주려 할 것이라는 관측이 나왔지만, 결국 만남이 무산된 것이다.

>He also sought a meeting with Pastor Paula White, head of the White House Office of Faith and known as President Donald Trump's spiritual mentor, but was unable to meet her due to scheduling conflicts. While there were speculations that Representative Jang intended to meet Pastor White to demonstrate the results of his visit to the U.S. to his hardline domestic supporters, the meeting ultimately fell through.

June 3rd can't come fast enough.

hani.co.kr
u/Ok-Huckleberry5836 — 4 days ago