880,000 Won Generation () is a neologism that refers to a South Korean generational cohort that was born around the same years as Millennials and describes young graduates trapped in low-paying jobs ($650–$750/month). The term was coined by economist Woo Suk-hoon in 2007.The ironies of South Korea’s “digital generation” Hankyoreh, 2013-03-19Young South Koreans become the '880,000 Won Generation' Seo Eun-kyung and Kim Junghyun, REUTERS/Taipei Times, April 12, 2009 The generation suffered from high youth unemployment and economic instability following the post-1997 financial crisis,Youth Unemployment at 15-Year High in South Korea The Diplomat, Steven Denney, July 2015 and faced intense competition and limited prospects for permanent employment.
See also 386 Generation N-po generation Hell Joseon 9X Generation, Vietnam Buddha-like mindset, China Freeter, Japan Satori generation, Japan Strawberry generation, Taiwan Tang ping, China Working poor References