Pyongyang, December 31 (KCNA) — In November, nearly 330,000 workers lost their jobs in South Korea owing to closures of enterprises, according to a radio report from Seoul.
Entering December, an average of 45 enterprises have gone bankrupt every day in Seoul.
The number of jobless people is likely to drastically increase in the future due to massive bankruptcies.
If the system of allowing companies to lay off workers is officially enforced as demanded by the International Monetary Fund in return for the bailout package, the unemployment rate in South Korea will reach an uncontrollable phase, the radio stressed.
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