Record 81% of North Korean defectors satisfied with life in South

A survey by the Korea Hana Foundation shows that 81% of North Korean defectors settled in South Korea are satisfied with their lives. This marks the highest rate since records began in 2011, reflecting improvements in their economic conditions. Employment and economic participation rates have also risen, indicating growing stability for defectors.

A survey by the Korea Hana Foundation revealed that 81.2% of 2,500 North Korean defectors reported being happy with life in South Korea. The poll targeted defectors aged 15 and older who arrived between January 1997 and December 2024.

This year, the employment rate among defectors reached 61.3%, a 1.2 percentage point increase from the previous year. The unemployment rate dropped 0.9 percentage points to 5.4%, while the economic participation rate rose 0.7 percentage points from 64.8% a year earlier. A foundation official noted that "the gap in major economic data between South Koreans and North Korean defectors is narrowing," signaling improved economic conditions.

Disparities in employment and unemployment rates between South Korean citizens and defectors narrowed by 0.9 and 0.7 percentage points, respectively, compared to the prior year. This progress highlights advancing social integration for defectors. The Korea Hana Foundation, affiliated with the unification ministry, supports their settlement.

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Expats in Seoul view poll results showing South Korea as temporary home amid cultural praises and urban challenges like high costs.
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Foreign residents see Korea as temporary home in new poll

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A new poll shows many foreign residents in South Korea view the country as a temporary home due to restrictive immigration and job systems. They praise cultural influence and IT infrastructure but point to challenges like high housing costs and regulatory changes.

More than half of economic experts expect South Korea's economic growth to remain in the 1 percent range this year, according to a local survey. The poll, conducted by Southernpost Inc. for the Korea Enterprises Federation (KEF), showed 54 percent of 100 economics professors holding this view. The average forecast stands at 1.8 percent, below the government's 2 percent outlook and the IMF's 1.9 percent projection.

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South Korea added 225,000 jobs in November, bringing total employment to 29.05 million and continuing the recovery trend this year. However, youth employment fell for the 19th consecutive month, while manufacturing and construction sectors saw ongoing declines. The unemployment rate held steady at 2.2 percent, underscoring challenges for young job seekers.

Major global investment banks have upgraded their forecasts for South Korea's 2026 economic growth. Citing an upcycle in the global semiconductor industry, the average outlook now stands at 2.1%. This is more optimistic than the Bank of Korea's 1.8% projection and the government's 2% forecast.

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South Korea's current account surplus narrowed sharply in October due to fewer working days from the Chuseok holiday, central bank data showed. Exports fell amid the extended break, but the cumulative surplus for the first 10 months hit a record high.

South Korean companies reported improved growth and profitability in the third quarter, driven by robust semiconductor exports amid an AI boom. The Bank of Korea's data shows combined sales rose 2.1 percent year-on-year, reversing a prior decline. Key factors included rising exports of high-value products like HBM and DDR5.

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South Korea's unification ministry on Monday dismissed a report claiming it proposed a constitutional revision to President Lee Jae-myung to recognize North Korea as a separate nation. The claim emerged from a local newspaper alleging the suggestion was made during a closed-door policy briefing last Friday as part of efforts to resume engagement with Pyongyang. Ministry spokesperson Yoon Min-ho rejected the report as "groundless and false."

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