Our starting point this morning: the latest employment figures in South Korea.
The country is facing an employment crisis with another brutal report showing the enormous toll the COVID-19 pandemic is having on local workers.
The number of people in work fell for a fourth month in a row last month, for first time in about a decade.
We have our Eum Ji-young on the line for us.
Ji-young, give us the figures for June.
Yes, Semin. According to data released by Statistics Korea on Wednesday, the number of employed people was around 27-million, 55-thousand, down 352-thousand from the same month the year before.
The number of people in work has been on a downward trend for four consecutive months.
This is the first time since October 2009 and January 2010 in the aftermath of the global financial crisis that the figure has been lower on-year for four months in a row.
The employment rate for people aged 15 to 64 dropped 1.3 percentage points on-year to 65.9 percent in June. It is the lowest figure for the month of June since 2014.
Apart from people aged over 60, all age brackets saw a decrease in the number of people employed and the employment rate.
Breaking it down by sector, the biggest job losses were found in the restaurant and lodging sectors which saw 186-thousand job losses, down seven.nine percent on-year.
The wholesale and retail sector had a four.eight percent decrease and the education service industry saw four.six percent drop on-year.
Given the grim situation, Finance Minister Hong Nam-ki mentioned the economic fallout from the coronavirus pandemic.
Right. Hong said in his social network post on Wednesday that he is worried about the situation but added that it is showing signs of recovery when compared to April and May as the size of the decrease is getting smaller.
But he said he is taking the situation seriously and will try to speed up projects to create more than 570-thousand jobs in the third COVID-19 supplementary budget as well as accelerate the Korean New Deal projects.
That's all I have for now but I'll bring you more updates in a later newscast.