South Korea's unemployment rate drops in August

South Korea's unemployment rate fell to lowest level since June 1999 The unemployment rate in South Korea fell to a record low in August, reaching 2 percent, compared with 2.7 percent in July. That was the lowest level since the data series began in June 1999, according to Statistics Korea. On a seasonally adjusted basis, unemployment stood at 2.4 percent in August, compared with 2.8 percent in July.