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상단검색

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The People

Korea provides a highly skilled workforce, many of whom have a college degree or higher.

Educational Zeal

Korea is passionate about education and has a high college graduation rate.
This rate in the 25-34 age group is 66%, the highest among OECD nations.

OECD top-5 college graduation rate in 25-34 age group
Korea 1st
Korea 66%
Japan 59%
Canada 57%
Russia 50%
Ireland 49%

* Source : OECD "Education at a Glance 2015"

Innovative leaders

More than 400,000 Koreans work in the field of R&D, which means there are 16.8 researchers for
every 1,000 people in Korea’s economically active population.

Growth in Korean R&D workforce

Growth in Korean R&D workforce
classify year
2002 2004 2006 2008 2010 2011 2012 2013
Research personnel 189,888 209,979 256,598 300,050 354,914 375,176 401,724 310,333
Personnel per 1,000 people in economically active population 6.2% 6.7% 8.3% 9.7% 10.7% 11.3% 12.4% 12.4%

 

* Source : Ministry of Science, ICT and Future Planning

Low labor turnover rates & high labor productivity

Korea has a significantly lower labor turnover rate than do China and India. This combination of
low turnover and industriousness is why Korea’s manufacturing labor productivity has risen faster than any other country’s over the past decade.

Labor turnover rates (2012-2014)
Korea 2002 4.5%, 2012 4.2%
China 2002 18.9%, 2012 14.3%
Hong Kong 2002 17.0%, 2012 20.1%

* Source : The Economist Coporate Network "Asia Business Outlook Survey 2015"

Manufacturing sector labor productivity gains (2006-2015)
Canada 11%
France 25%
Germany 33%
Italy 8%
Japan 36%
Korea91%
Taiwan 81%
U.K. 30%
USA 53%

* Source : Government agencies for employment, The Conference Board, International Labor Comparison Program