South Korea's Former Statistics Agency Director: ``With the Yun administration, ``quality employment'' has increased.''

In South Korea, the ``Full Time Equivalent'' (FTE) employment rate has increased to a record high since the beginning of the Yun Seok-Yeol administration.
Yoo Kyung-jun, a member of the ruling party “People’s Power” who once served as the head of the Statistics Agency, is in charge of economic affairs at the Statistics Agency.
As a result of analyzing the source data of the Active Population Survey, it was revealed that the FTE employment rate increased by 7.9% from 62.8% in October 2022 to 70.7% in October this year. According to Rep. Yoo,
This increase is the highest level ever. Rep. Yoo said, ``In addition to the gap between the FTE employment rate and the general employment rate becoming narrower, the FTE employment rate in 2023 will be higher.''
He explained, ``The decline in the quality of employment has steadily improved since the inauguration of the Yun administration.'' The fact that the general employment rate and FTE employment rate are both increasing this year is due to the government-led revitalization support employment rate.
"This is not so much an effect of employment policy, but rather a sign of the momentum of employment recovery in the private sector job market."
The "FTE employment rate" refers to "regular employees" who are considered employed even if they work just one hour a week.
These are official statistics from the OECD (Organization for Economic Co-operation and Development) that complement the limitations of the ``utilization rate'' indicator. This reflects working hours calculated assuming that a worker works 40 hours a week (5 days of 8 hours each).
This is the employment rate. Therefore, by comparing the FTE employment rate and the general employment rate, it is possible to understand the impact of rehabilitation support employment provided by the state from the perspective of social security and the quality of employment.
In 2021, under the previous Moon Jae-in administration, the FTE employment rate fell below the general employment rate for the first time, and hit a new low of 62.8% in 2022.
. From 2017 to 2022, the FTE employment rate continued to decline, while the general employment rate generally increased. This is due to an increase in employment of short-time contract jobs of less than 30 hours a week, such as part-time work for the elderly.
This seems to be due to the influence of