Wed, 13 Jun 2012 17:39:42 GMT
South Korea's unemployment drops to 3.2%
South Korea's jobless rate reached its bottom in four months
due to the continued recruitment boost in the service segment. According to
Statistics Korea, the country's unemployment in May fell to 3.2% in contrast to
the previous month's 3.4%. However, Ronald Man, HSBC Holding PLC's analyst, stated
that as Korean manufactures are becoming more restrained, this could negatively
impact the production output, and, consequently, weaken