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Wednesday, South Korean Finance Minister Yoon Jeung-hyun said he is concerned about the country's deteriorating labor market despite an improvement in economic conditions.
He noted that the country's labor market could see a slower-than-expected recovery as the private sector continued to show reluctance in adding new jobs.
"Employment conditions will not likely return to their pre-crisis level even after the global economy fully recovers," Yoon said. He urged the nation to prepare to face the situation.
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