Unemployment rate in South Korea

South Korea: Unemployment rate was 2.7% in 2025. ▬ Flat

Latest (2025)
2.7%
Change on year
down 3.6%
World rank
158th
of 186 countries
All-time high
7.0%
in 1998
All-time low
2.0%
in 1996
Years of data
35
1991–2025

Unemployment rate in South Korea, 1991–2025

2345671991200820251991: 2.4 %1992: 2.5 %1993: 2.9 %1994: 2.5 %1995: 2.1 %1996: 2 %1997: 2.6 %1998: 7 %1999: 6.3 %2000: 4.1 %2001: 3.7 %2002: 3 %2003: 3.3 %2004: 3.4 %2005: 3.5 %2006: 3.3 %2007: 3 %2008: 3 %2009: 3.4 %2010: 3.3 %2011: 3 %2012: 2.8 %2013: 3.1 %2014: 3.1 %2015: 3.5 %2016: 3.6 %2017: 3.7 %2018: 3.8 %2019: 3.7 %2020: 3.9 %2021: 3.6 %2022: 2.9 %2023: 2.7 %2024: 2.8 %2025: 2.7 %

Source: ILO Modelled Estimates, via World Bank (2026) – processed by Our World in Data. Measured in %.

Analysis

In 2025, unemployment rate in South Korea stood at 2.7%.

The figure is down 3.6% on the previous year and down 24.3% over ten years.

Over the whole period, unemployment rate in South Korea peaked at 7.0% in 1998 and was at its lowest, 2.0%, in 1996.

South Korea ranks 158th of 186 countries on this measure, in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
1990s 3.4% 2.0% 7.0% 9
2000s 3.4% 3.0% 4.1% 10
2010s 3.4% 2.8% 3.8% 10
2020s 3.1% 2.7% 3.9% 6

Countries ranked near South Korea

  1. 155 Hong Kong 2.8% compare
  2. 156 Uganda 2.7% compare
  3. 157 Senegal 2.7% compare
  4. 159 Guinea-Bissau 2.7% compare
  5. 159 Mexico 2.7% compare
  6. 161 Guatemala 2.6% compare

See the full ranking of 186 places →

More work & labour data for South Korea

All data for South Korea →

Frequently asked questions

What is unemployment rate in South Korea?
Unemployment rate in South Korea was 2.7% in 2025, according to ILO Modelled Estimates, via World Bank (2026) – processed by Our World in Data.
What is the highest unemployment rate recorded in South Korea?
The highest recorded value was 7.0% in 1998.
What is the lowest unemployment rate recorded in South Korea?
The lowest recorded value was 2.0% in 1996.
How does South Korea rank for unemployment rate?
South Korea ranks 158th out of 186 countries with data for 2025.
Is unemployment rate rising or falling in South Korea?
Over the last ten years it is down 24.3%. The long-run trend across the full record is flat.
Where does this South Korea data come from?
The figures come from ILO Modelled Estimates, via World Bank (2026) – processed by Our World in Data, published as part of Unemployment rate. Statizoid updates them automatically from the source API.

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About this data

Indicator
Unemployment rate
Unit
%
Source
ILO Modelled Estimates, via World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
186 places, 6,496 data points, 1991–2025
Last refreshed

Share of the labor force without work, but actively looking for a job and available to start soon.