Korean millennials are changing the work culture in Korea by placing greater importance on work-life balance.
Younger workers are questioning whether sacrificing for the company and working long hours is how they want to live. As such, they are less likely to attend company social gatherings and prefer to leave the office on time instead of working late into the night.
Millennials are also investing in the stock market to buy a house and fund their retirement. From December 2019 – August 2020, there were 4.59 million new securities accounts opened, half were owned by people in their 20s. Over the same period, 20-year-olds’ credit debt increased 134%, in part to pay for the stocks.
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