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Unpaid family business workers rise amid economic slump: data

All News 10:24 April 17, 2017

SEOUL, April 17 (Yonhap) -- The number of unpaid male workers employed at their family businesses rose sharply in recent months, government data showed Monday, as more people are trying to cope with the protracted economic slump.

"The surge in the number appears to be linked to a growing number of self-employed people," a Statistics Korea official said.

The number jumped 11.7 percent, or 16,000, to 150,000 in the first three months this year from a year earlier, according to the official tally.

The rise is the sharpest since the second quarter of 2007, when a 12.8 percent increase was posted.

The number of unpaid male workers at their family businesses has climbed gradually for the four consecutive quarters since the second quarter last year, with the increase rate standing at 1.6 percent for the second quarter, 1.9 percent for the third and 6.9 percent for the fourth.

The number of self-employed people soared by 170,000 in the first three months this year, with roughly half of businesses they run posting sales of less than 3.8 million won (US$3,346) per month.

Unpaid family business workers rise amid economic slump: data - 1

hdh@yna.co.kr
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