Over the last five years, Korean universities have produced some 80,000 master’s degree graduates a year, or 412,000 in total.
The employment rate for young master’s degree holders in Jeolla and Jeju has plummeted from 86.5% in 2013 to 63.6% in 2017.
76.0% of employed master’s degree holders have a full-time position, with the figure highest in Chungcheong at 78.4%.
The share of full-time workers among young employed master’s degree holders stands at 78.8%, up 1.7%p from 2013. The figure has risen in all regions with Chungcheong experiencing the highest increase, which means job security has improved in general.
The average monthly wage for master’s degree holders in paid employment positions differs significantly by region, with the gap between the lowest and the highest amounting to KRW 720,000.