Most Young Jobseekers Spend Money To Pad Resumes

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Most Young Jobseekers Spend Money to Pad Resumes
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Most Young Jobseekers Spend Money to Pad Resumes

Job applicants head for an interview at a company in Seoul on July 14. /Yonhap

More than half of young jobseekers spend at least W200,000 a month to pad out their resumes and improve their chances in an increasingly competitive employment market (US$1=W1,122).

For many young jobseekers, who have no stable income, that is very expensive.

Job portal Saramin polled 500 jobseekers last week, and 51 percent said they spend more than W200,000 a month to boost their skills and stand out in the job market. Some spend W500,000 to W1 million and a handful more than W1 million.

Young Jobseekers Suffer Long Adolescence as Chances Dwindle
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Young Jobseekers Suffer Long Adolescence as Chances Dwindle

Young jobseekers are growing more anxious as the job market becomes tougher, and puberty struggles often continue into their 20s as their chances to take responsibility for themselves dwindle.

According to Statistics Korea, the age when people first enter the workforce has risen from 22.5 in 2004 to 23.6, and the proportion of university graduates who find jobs has declined to 64.4 percent.

In other words, more than one-third of graduates do not immediately find a job and flounder on, largely dependent on their parents.

Young Consumers Spend Less Amid Soaring Rental Costs
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Young Consumers Spend Less Amid Soaring Rental Costs

Young people grab lunch in Seoul.

Private spending has declined even among Koreans in their 20s, who have traditionally been the most avid consumers.

According to Hyundai Research Institute on Sunday, average monthly spending by people in their 20s fell from W1.7 million in 2007 to W1.5 million last year (US$1=W1,125).

Private spending in their 30s and over 60 also declined slightly, but it rose by W200,000 a head among people in their 40s and 50s.

Twenty-somethings are increasingly burdened by their rental payments, while those in their 30s have to service housing-related debts.

Young Jobseekers Skip Summer Vacation
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Young Jobseekers Skip Summer Vacation

Airports are packed with travelers as the peak holiday season approaches, but taking a vacation is a luxury for young jobseekers, with two out of five having no vacation plans, a straw poll suggests.

In the poll of 566 jobseekers by job portal Saramin, 43 percent said they do not plan to go on holiday this summer.

Asked why, more than half said they would feel too anxious. About half also said they cannot afford it, while other reasons were that they are busy preparing for their job interviews (43 percent) and concern for their family (17 percent). Ten percent said they simply have no friends to go with.

Rapper Young B Opens Up About Past Bullying Controversy On Show Me The Money 6
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Rapper Young B Opens Up About Past Bullying Controversy On Show Me The Money 6

On the August 18 broadcast of Mnets Show Me the Money 6 rapper Young B, also known by his real name Yang Hong Won, denied the controversy which began earlier this year and labeled him as a bully. Instead, the rapper expressed that what is being said about his past are only rumors.

This statement was made during an interview Young B gave as he prepared for his joint stage with Hangzoo as a part of Zico and Deans team.

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