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Data shows one out of two young people in S. Korea quit their first job within one year Updated: 2020-07-14 17:09:36 KST

Despite the job market's gloomy outlook, half of South Korea's young workers are abandoning their first jobs less than one year in.
Analysis by the Korean Labor Economic Association shows, 50.two percent of young workers left their first jobs before hitting the one-year mark.
The report also showed that 18.nine percent stayed for more than a year, but left before they reached the two-year mark.
18.seven percent stayed between two years to four years, and 12.two percent only about one out of ten young workers stayed for more than four years.
University graduates had the highest rate of quitting their first job within a year, with 55.four percent.
High school graduates or below were slightly lower at 49.two percent, and 41.two percent of technical college graduates quit their first job within a year.
The Korean Labor Economic Association said in its report that many young workers tend to be dissatisfied with their first jobs, and leave to find something that suits them better, is more stable and has higher wages.
Meanwhile, a survey showed nearly one out of five university students in South Korea want to work for Kakao.
Job portal sites 'Job Korea' and 'Albamon' surveyed around 16-hundred university students for their preferences among the top 100 companies by Market Capitalization in Korea.
Kakao topped the list, with almost 18-percent, and Naver came in second with a little over 15-percent.
Samsung Electronics ranked fourth with 12-and-a-half percent.
Those who preferred Kakao, Naver, and CJ CheilJedang spoke of the good welfare system as their reasoning.
Many of those who want to work for Samsung Electronics said it's because the company is an industry leader.
Almost half of those who picked the KEPCO said they chose the company because they think there would be more job security.
Kim Jae-hee, Arirang News.
Reporter : jhee@arirang.com
KOGL : Korea Open Government License
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