Portrait of a South Korean Millennial: Income, Debt, Housing, and Job.

South Korea's millennials, known as Generation MZ, are the country's most educated generation but are overqualified for the labor market, resulting in a high unemployment rate. Many still live with their parents due to high housing costs, leading to financial anxiety and difficulty achieving life goals. Despite earning more than the national average, most young and unmarried South Koreans won't consider buying their own homes for the next 10 years.