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South Korean report shows AI, other innovations to cut employment by over 10% in 10 years

( November 12, 2024, 07:16 GMT | Official Statement) -- MLex Summary: South Korean companies and labor experts expect transformations led by artificial intelligence and other digital technologies to reduce employment by 8.5 percent over a five-year period from 2023, and by a total of 13.9 percent over 10 years, according to a research report. The restaurant, lodging, transportation, and distribution sectors are expected to experience the largest declines in employment due to the effects of digital transformation, according to the report published by the Korea Employment Information Service under the Ministry of Employment and Labor....

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