Chaebol Or Bust — But At What Cost?

By Michael Chung

It’s chaebol or bust for many recent college graduates (image courtesy of saramin.co.kr)

Competition in Korea is at a fever pitch. Students, lured by the prospect of a better future, spend years on end studying in cram schools in a bid to gain admission to the nation’s top universities. However, as these very students move onto college, more and more are finding that the competition is just as fierce, if not more so, in their exit than their entrance — in other words, recent college graduates are having difficulty landing jobs these days.