Tuesday, February 21, 2012

Tough Job Market Drives More Young Koreans to Suicide

Korea officially has the highest suicide rate among all 34 member countries of the Organization for Economic Cooperation and Development, putting it even higher than Japan.

The suicide rate last year stood at 28.7 per every 100,000 people, which was 1.5 times higher than Japan and 10 times above Greece, which boasts the lowest rate in the OECD.

Suicide is now the top cause of death among Koreans in their 20s. The Korean Association for Suicide Prevention said, "The pressure to find gainful employment is one of the main causes of suicide among those in their 20s."

At least 10 of the suicide cases that have been reported so far this year are believed to be linked to a failure to find jobs. A study by an Internet job search portal conducted in April showed that six out of 10 respondents felt tempted to take their own lives due to the increased difficult and related stress of finding work in Korea's overheated job market, which is causing employers to pare down their new hires. Read More