Some 329,000 unemployed people have given up looking for jobs and are just staying home, accounting for 22.4 percent of all jobless people, Statistics Korea said Thursday. That is almost twice the number of unemployed young people who are looking for jobs.
Among the jobless young, 256,000 said they have given up looking for work, accounting for 17.4 percent of young unemployed people.
Economists fear that the so-called "NEET" tribe (Not in Education, Employment or Training) is growing. According to the OECD, 18 percent of Koreans between 15 to 29 are NEETs, compared to an average 14.6 percent among OECD nations.