Crypto Investment Shifts Dynamics in South Korean Job Market, Older Job Seekers Increase
As younger South Koreans focus on crypto investments, job applications from those aged 40-59 have surged, driven by financial needs and changing demographics, reports indicate.
Cryptocurrency is having a transformative effect on South Korea’s job market, as many young people increasingly choose crypto trading over traditional employment. Data from prominent job platforms like Albamon and Saramin indicate a rising trend of middle-aged job seekers, reflecting a shift in South Korea’s workforce.
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Recent figures show the proportion of job seekers aged 40-59 has nearly doubled on platforms like Job Korea’s Albamon, increasing from 14% in 2021 to 30% in 2024. Meanwhile, the number of younger applicants (ages 20-39) has dropped by around 1% during the same period. Analysts attribute this shift to the impact of a long-term recession and higher living costs, which compel older workers to seek additional income sources.
As Electronic Times reports, many older workers are looking for short-term or part-time positions, with younger individuals focused on cryptocurrency and stock investments. Kim Jin-hyeok, President of the Korea Job Consultant Association, remarked, “The current generation faces lower growth rates and fewer opportunities, making it hard to achieve financial independence.”
Platforms such as Gubgoo and Alba Chunguk also reflect the trend, with the proportion of users aged 40-59 increasing significantly. The Seoul Rehabilitation Court has even linked this rise in younger individuals’ financial stress to growing crypto adoption, as many hope for rapid wealth through digital assets.
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