Invest KOREA

According to Yonhap News,

(SEOUL=Yonhap News) Jobs in South Korea's information and communication sector grew for the 15th straight month in March as the sector steadily expands its economic presence, government data showed Wednesday.

The total number of people in the ICT segment that also includes various software-related businesses grew 6.8 percent or 55,000 from a year earlier to 865,000 last month, according to the Ministry of Science and ICT.

The sector accounted for 3.2 percent of the country's labor force of 26.8 million, but it made up roughly 22 percent of the 251,000 new jobs created in the one-month period.

In particular, jobs for people from the ages of 30 through 49 contracted 2 percent last month to 12 million, but positions in the ICT sector grew 4.6 percent, or 24,000, to 547,000.

"The number of jobs being created reflects the steady growth of the information and communications sector in South Korea," an official said.

He expected the industry will continue to grow going forward with new opportunities being created by 5G communication network systems and artificial intelligence.

yonngong@yna.co.kr

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Source Text

Source: Yonhap News (April 24, 2019)