The Minute to Read (Weekdays) series provides a quick overview of significant events in Korea everyday, conveniently condensed into a one-minute read. Here’s a recap of what happened yesterday: July 22.
Young Koreans struggle with record delays in securing first jobs
The average time for South Koreans aged 20-34 to secure their first job has reached a record 14 months as of May, up by 1.7 months from the previous year, reflecting increased difficulties in the job market. The employment situation for younger people is worsening, with the number of employed individuals in their 20s dropping by over 80,000 last year, while those aged 60 and above have seen a significant increase in employment. Economic challenges and a shrinking job market are contributing to this trend.
Seoul’s historic Gwangjang Market to undergo major revamp
Gwangjang Market, a historic 120-year-old establishment in Seoul’s Jongno district, is set for a major revitalization. Partnering with Starbucks and the Star Wars fandom, the market aims to enhance its appeal while preserving its food culture. Key updates include a new Starbucks in a formerly vacant space and a toy museum featuring Star Wars and Marvel collectibles. The market also combines traditional shops with pop-up stores and has introduced attractions like a reincarnation photo studio and specialty cafés. Despite these efforts, price gouging remains a problem, with ongoing complaints about high prices and market management’s commitment to addressing these issues.
YG confirms 2NE1 comeback with anniversary concerts
YG Entertainment has officially announced the return of the iconic girl group 2NE1. The announcement came via social media on July 22, with a post celebrating their comeback. YG’s head producer, Yang Hyun-suk, confirmed the news through a YouTube video, revealing that the group will hold concerts to mark their 15th anniversary. The concerts are scheduled to begin in Seoul in early October, with additional shows planned in Osaka and Tokyo later in the year.
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