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Koreans below 40 now account for over half of the country’s household debt, up from 35% two years ago. “It’s a structural issue, irrespective of which party is in power.” As a result, young people are taking jobs they’re overqualified for, working element-time, or in temporary gigs, says Gibson. “The job competitors is fierce, with a huge quantity of extremely educated and qualified candidates competing for a tiny quantity of stable jobs,” she says. In addition to Seoul’s runaway house prices, growing unemployment prices have fueled this generation’s discontent.

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