✉news BusinessReal Estate first seen 1 d ago, last 1 d ago, peak #13
300,000 construction workers exit amid market slump
South Korea's construction sector is shedding workers on a massive scale, with roughly 300,000 people leaving the industry as a prolonged slump in construction and real estate continues. The Chosun Ilbo reports the exodus reflects halted projects, reduced orders and shrinking employment. Observers warn the departure of experienced labor could hamper the sector's recovery when demand returns.
Why now: The scale of the job losses highlights how deep South Korea's construction downturn has become.
Chosun IlboSouth Koreaconstruction industry
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