In 2019, the employment effect was about 10.6 people per one billion South Korean won across all industries in South Korea, showing a decrease compared to the previous year. The employment inducement coefficient in South Korea has steadily declined in recent years, meaning that fewer jobs have been created despite economic growth.
Employment inducement coefficient across all industries in South Korea from 2010 to 2019
*2010 is the base year for figures from 2010 to 2014.
**2015 is the base year for figures from 2015 to 2019.
The employment inducement coefficient refers to the number of people who become employed for one billion South Korean won in final demand for industrial goods and services.
1,000 South Korean won equals 0.82 U.S. dollars or 0.74 euros as of April 2022.
The source did not provide a date of publication. The release date used here is the access date.
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Presidential Committee on Jobs. (April 26, 2022). Employment inducement coefficient across all industries in South Korea from 2010 to 2019 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1234110/south-korea-employment-inducement-coefficient/
Presidential Committee on Jobs. "Employment inducement coefficient across all industries in South Korea from 2010 to 2019." Chart. April 26, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1234110/south-korea-employment-inducement-coefficient/
Presidential Committee on Jobs. (2022). Employment inducement coefficient across all industries in South Korea from 2010 to 2019. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1234110/south-korea-employment-inducement-coefficient/
Presidential Committee on Jobs. "Employment Inducement Coefficient across All Industries in South Korea from 2010 to 2019." Statista, Statista Inc., 26 Apr 2022, https://www.statista.com/statistics/1234110/south-korea-employment-inducement-coefficient/
Presidential Committee on Jobs, Employment inducement coefficient across all industries in South Korea from 2010 to 2019 Statista, https://www.statista.com/statistics/1234110/south-korea-employment-inducement-coefficient/ (last visited November 22, 2024)
Employment inducement coefficient across all industries in South Korea from 2010 to 2019 [Graph], Presidential Committee on Jobs, April 26, 2022. [Online]. Available: https://www.statista.com/statistics/1234110/south-korea-employment-inducement-coefficient/
