South Korea's burned out millennials choose YouTube over Samsung

In This Article:

(Refiles to correct tense to choose from chose in headline)

* Growing number of young Koreans reject conventional career paths

* 'School of Quitting Jobs' attract over 7,000 attendees

* 'Quitting jobs' on New Year resolution list on social media

* YouTube, farming, cleaning jobs abroad rise as alternatives

By Cynthia Kim

SEOUL, April 1 (Reuters) - Yoon Chang-hyun's parents told him to get his sanity checked when he quit his secure job as a researcher at Samsung Electronics Co in 2015 to start his own YouTube channel.

The 65 million won ($57,619) a year salary - triple South Korea's average entry level wage - plus top-notch healthcare and other benefits offered by the world's biggest smartphone and memory chip maker was the envy of many college graduates.

But burned out and disillusioned by repeated night shifts, narrowing opportunities for promotion and skyrocketing property prices that have pushed home ownership out of reach, the then 32-year old Yoon gave it all up in favour of an uncertain career as an internet content provider.

Yoon is among a growing wave of South Korean millennials ditching stable white collar jobs, even as unemployment spikes and millions of others still fight to get into the powerful, family-controlled conglomerates known as chaebol.

Some young Koreans are also moving out of city for farming or taking blue collar jobs abroad, shunning their society's traditional measures of success - well-paid office work, raising a family and buying an apartment.

"I got asked a lot if I had gone crazy," Yoon said. "But I'd quit again if I go back. My bosses didn't look happy. They were overworked, lonely..."

Yoon now runs a YouTube channel about pursuing dream jobs and is supporting himself from his savings.

Samsung Electronics declined to comment for this article.

Chaebols such as Samsung and Hyundai powered South Korea's dramatic rise from the ashes of the 1950-53 war into Asia's fourth-largest economy in less than a generation. Well-paid, secure jobs provided a gateway to the middle-class for many baby boomers.

But with economic growth stagnating and competition from lower cost producers weighing on wages, even milliennials who graduated from top universities and secured chaebol jobs say they are less inclined to try to fulfill society's expectations.

Similar issues among younger workers are being seen globally. However, South Korea's strict hierarchical corporate culture and oversupply of college graduates with homogeneous skills make the problem worse, says Ban Ga-woon, a labour market researcher at state-run Korea Research Institute for Vocational Education & Training.