Employment coefficient refers to the number of jobs generated upon injecting 1 billion won ( $ 855 , 077 ) . South Korea ’ s employment coefficient has been on a downtrend since 2000 . The coefficient stood at 11 . 1 shed to 9 . 5 in 2007 . The fall interprets the employment rather retreated despite the gross domestic products ( GDP ) steadily grown by four to five percents yearly during the period . Among industries , the manufacturing sector saw the coefficient dropping from 8 . 8 to 6 . 6 during the period . The service sector is maintaining 12 . 6 since 2005 after it fell from 13 . 7 marked in 2000 . The date showed the services industry was underpinning the manufacturing industry lacking the ability to create jobs . Exports did not make conditions of the labor market any better either . Employment coefficient per exports of $ 1 billion plummeted from 15 . 3 in 2000 to 9 . 4 in 2007 . The financial crisis erupted last year made the job market even worse . The services industry was inadequate to buffer the country ’ s employment condition during this period , though the manufacturing sector was hard hit by the crisis . Monthly employment fluctuation rate has posted the range of - 0 . 9 percent and - 0 . 0 percent as of August this year , according to the National Statistical Office ( NSO ) . The manufacturing sector dropped a mean by posting the range of - 3 . 2 percent and - 4 . 7 percent . The services industry did not really make any contributions to job creation though its performance was a bit stronger than the manufacturing sector . Meanwhile , private and self - businesses and the public services were the only sectors hauled the employment condition . [ written by Yong - bum Park , translated by Ye - sol Yi , edited by JYJ ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]