880,000 Won Generation
←Removed redirect to Sohn Won-pyung
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The "880,000 Won Generation" (Korean: 88만 원 세대) is a South Korean youth cohort born around the years as [[Millennials]]. |
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#REDIRECT [[Sohn Won-pyung]] |
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The term was coined by economist Woo Suk-hoon in 2007, and describes young graduates trapped in low-paying jobs ($650–$750/month). The generation suffered from high [[youth unemployment]] and economic instability following the post-[[1997 financial crisis]], and faced intense competition and limited prospects for permanent [[employment]]. |
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[[ko:88만 원 세대]] |
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[[Category:2007 neologisms]] |
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[[Category:Culture of South Korea]] |
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