More graduates delay finishing school amid hiring freeze
Kim, a 26-year-old physics graduate hoping to work in semiconductors, says he has applied even to jobs outside his field but has repeatedly failed to pass the document screening stage, leaving his confidence badly shaken. “If I had known it would be like this, I would have delayed graduation like my friends,” he added with a sigh. With the job market tightening, more young people are choosing to delay graduation and remain “fifth-year students.” Instead of risking unemployment after graduation, they see advantages in keeping student status, which provides access to career counseling, training and other benefits. According to data from the Korea Educational Development Institute released on Sunday, the number of students deferring graduation reached 17,597 last year, up by about 2,500 from 2023. Statistics Korea also reported that it now takes an average of four years and four months to complete college, the longest since records began in 2007. Creative ways to postpone Graduation delays take many forms. Some complete their credits but officially defer graduation by paying a fee of
Aug 18, 2025By Hankookilbo