The combined rate of time-related underemployment and unemployment is one of the labor underutilization indicators of the International Labour Organization (LU2 indicator) and is calculated as [(persons in time-related underemployment + persons in unemployment) / labor force] x 100.
It captures the unemployment situation in a broader way by including people in time-related underemployment, those who worked less than 36 hours per week, and wanted or were able to work additional hours.
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Combined unemployment and time-related underemployment rate South Korea 2015-2024
In 2024, the overall rate of time-related underemployment and unemployment in South Korea increased to approximately *** percent. This combined rate has been on a downward trend since 2021.
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KOSIS. (April 9, 2025). Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2024 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/
KOSIS. "Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2024." Chart. April 9, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/
KOSIS. (2025). Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2024. ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/
KOSIS. "Combined Rate of Time-related Underemployment and Unemployment in South Korea from 2015 to 2024." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 9 Apr 2025, /statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/
KOSIS, Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2024 ÌÇÐÄÆƽâ°æ, /statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/ (last visited July 30, 2026)
Combined rate of time-related underemployment and unemployment in South Korea from 2015 to 2024 [Graph], KOSIS, April 9, 2025. [Online]. Available: /statistics/1233356/south-korea-combined-unemployment-and-time-related-underemployment-rate/
