South Korea's economy announced its unemployment rate for March, where the index decreased in comparison with the previous reading that was close to its highest in a year.

Adding that South Korea's services sectors increased hiring rate in order to support the nation's unemployment, where higher jobless rate indicates to a weak sector in the nation's economy which will definitely affect on the nation's growth.

South Korea's unemployment fell in March to 3.4% from the previous of 3.7%, while expectations were 3.6%, where the employed job seekers increased by 419,000 to 24.3 million in March from a year earlier.

Moreover, South Korea's economy grew at the slowest pace in two year during the last three months ended in March, which is expected to regain its growth during the upcoming quarter especially after the cheerful incline in unemployment rate, where finance companies and carmakers are still adding to their workforces.