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Unemployment South Korea

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BUSINESS
June 24, 1998 | From Reuters
South Korea on Tuesday said its unemployment rate almost tripled in a year, the latest stunning statistic from Asia, where financial crisis has thrown millions of people out of work. Seasonally adjusted unemployment in South Korea leaped to 1.49 million in May from 550,000 a year earlier. Joblessness is soaring across Asia. Indonesia alone is expected to have 20 million unemployed by the end of the year, the World Bank said.
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BUSINESS
June 24, 1998 | From Reuters
South Korea on Tuesday said its unemployment rate almost tripled in a year, the latest stunning statistic from Asia, where financial crisis has thrown millions of people out of work. Seasonally adjusted unemployment in South Korea leaped to 1.49 million in May from 550,000 a year earlier. Joblessness is soaring across Asia. Indonesia alone is expected to have 20 million unemployed by the end of the year, the World Bank said.
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NEWS
June 6, 1998 | SONNI EFRON, TIMES STAFF WRITER
At the Myongdang Cathedral, where thousands of demonstrators once gathered to rally for democracy, a new kind of crowd forms every day at noontime: the unemployed, the hungry and the homeless. Shin Sok Yoon, 38, who is deaf and has been unemployed since the bookbinding company where he worked went bankrupt in December, came to the cathedral's 50-day-old soup kitchen, Peace House, this week looking for job leads and a square meal.
NEWS
June 6, 1998 | SONNI EFRON, TIMES STAFF WRITER
At the Myongdang Cathedral, where thousands of demonstrators once gathered to rally for democracy, a new kind of crowd forms every day at noontime: the unemployed, the hungry and the homeless. Shin Sok Yoon, 38, who is deaf and has been unemployed since the bookbinding company where he worked went bankrupt in December, came to the cathedral's 50-day-old soup kitchen, Peace House, this week looking for job leads and a square meal.
NEWS
April 30, 1998 | DON LEE, TIMES STAFF WRITER
The sounds of Brazil drifted from one shop to the next in downtown Los Angeles' fashion district--Brazil with a distinctly Korean twist. In Amber Clothing Co., his new manufacturing and wholesaling shop, Alberto Chi chewed on Korean rice cakes while talking to his younger brother in Portuguese--the language of their native Sao Paulo in Brazil. He picked up the phone and spoke in Korean, then switched to English as he thumbed through samples with a textile salesman.
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