Europe is now plagued by economic recession.
In Germany the first half of 2026 alone witnessed closures of some 12 000 businesses in the auto, metal and other sectors.
The unemployment crisis in the UK is going from bad to worse, especially for young people under 24. With unemployment in France reaching the highest level since 2021, the jobless people numbered 2.7 million in the second quarter, an increase of 62 000 over the previous quarter. The EUROSTAT announced that Finland has the highest unemployment rate among the EU member nations. Job opportunities are getting less available in a way that lets even those who received higher education find it hard to get a job.
Soaring energy price is believed to be one of the main causes of the global concern. However, there is a country where things are different—socialist Korea.
It is noteworthy that the working people in the DPRK do not know the word unemployment itself. They are reportedly provided by the state with an opportunity to choose a job according to their tastes, abilities and talents when they reach the working age. Young people volunteer to work at difficult and labour-consuming sectors and devote themselves to the country. They regard it as their sacred civic duty and manifestation of patriotism.
In recent years the DPRK has been achieving comprehensive development in its socialist construction. Many new industrial establishments have sprung up and many others been renovated and modernized, giving fresh impetus to its economy.
This can be evidenced by the fact that light-industry factories are being built in different parts of the country.
According to the Workers’ Party of Korea’s Regional Development 20×10 Policy, modern regional-industry factories have been built every year since 2024 in 20 cities and counties in conformity with the economic features of the regions concerned. As a result, light-industry factories have mushroomed in 40 cities and counties, or one fifth of the total number of the regional bodies in the country.
While the huge capital city construction continues apace, the project for building modern rural houses across the country gains growing momentum.
The dynamic growth of the construction sector has in turn positive effects on the metal, building materials, chemical and other relevant industries. Besides, mining, fishing, livestock farming, tourism and many other sectors are brought back to life with many businesses remodelled, newly established and updated day by day. Evidently, this will entail more job opportunities.
