This is the same problem that is also happening in America:
Some 80 percent of high school graduates go to college in Korea, whereas in many advanced countries like Germany students freely choose between vocational training and college according to their aptitudes and talents.
In 1980, a mere 39.2 percent of high school graduates went to college, but the percentage jumped to 75.8 percent in 1995 and reached about 80 percent in the early 2000s.
Despite a glut of college graduates every year, companies complain about a shortage of young workers with professional skills. In a survey of 200 corporate executives by Media Research for the Chosun Ilbo in October, 75 percent of respondents said Korean education is failing to produce the workers companies need.
Students only want to go to four-year universities, which give them no professional training. This means that many end up finding themselves unemployed when they graduate. Only 51 percent of college graduates found steady work this year. [Chosun Ilbo]
I was reading this TIME article about students in the US accumulating tens of thousands of dollars in debt from going to college and then complaining about not being able to find a job. However, they were studying degrees that don’t lead to jobs in today’s economy. There was a woman who accumulated $90,000 in student debt for a history degree. It is madness to accumulate that kind of debt for a history degree. It is even more madness to then say the government should pay off your debt like many of these people want. What annoys me more then anything though is the sense of entitlement these people have that since they graduate from college they deserve a high paying job. You deserve a high paying job based on the skills you can bring your employer and in today’s economy people need high-tech skills and studying liberal arts isn’t going to teach you those skills. Additionally Americans and South Korean college graduates are both competing with people in other nations like India and China for the jobs that are available. It is a globalized economy now and people need to make themselves marketable to compete.