Chip-led growth, AI erode youth job quality: BOK

The Bank of Korea has warned that South Korea's rapid growth in the semiconductor industry and the increasing use of artificial intelligence are leading to lower quality jobs for young people. This trend is causing a decline in stable employment opportunities, forcing many young job seekers to accept temporary or daily work instead of regular positions. As a result, the quality of jobs available to youth is eroding, which could have significant implications for the country's labor market and overall economic growth.

Why it matters

Korea's economy is heavily reliant on the semiconductor industry, which is being disrupted by AI. This is leading to a decline in job quality for young people.

Market impact

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