SeoulMarkets · tag
firm age
2 stories tagged “firm age”, each from official Korean data with its source and timestamp.
The older an industry's firms, the fewer workers it loses. In Korea the link is strong.
Across 105 industries, average firm age and monthly separation rate move inversely, with a correlation of -0.61. Banks are old and stable; construction is young and churns. Stability, it turns out, has an age.
Korea's oldest workplaces are its banks. Its youngest are building sites and coffee shops.
Measured by years enrolled in the pension system, domestic banks average 33 and credit unions 32. Earthmoving and electrical-wiring contractors average barely two. An industry's age maps how it is built.