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Workers over 60 outnumber those in 20s in South Korea

Staff Writer |
The job market increasingly reflects the nation’s changing demographics and economic downturn.

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Statistics Korea said in a report that the number of new hires over 60 came to almost 4 million between April and June, outpacing the 3.8 million workers in their 20s.

Experts say retired baby boomers are re-entering the job market in search of financial security, while people in their 20s are finding it hard to get decent jobs due to the slowing economy.

The older hires are mostly employed in temporary, low-paying positions such as cleaning and delivery.

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