Currently, concerns are rising that the Korean labor market may follow the European experiences which are often considered as characterized by high-unemployment and inefficiency. However, these concerns are in the most of the cases based simply on a superficial appreciation of the European systems rather than on a careful comparison between this latter and the Korean case. This paper aims at providing with some detailed information on the labor market institutions and policies in France, which is one of the most cited example of the European system, and at comparing it with the current status of the Korean Labor market. This paper shows that the elements characterizing the French unemployment, namely the very strong employment protection legislation and the generous social welfare system, as well as the current challenges in terms of employment in this country differ significantly from those in Korea. This implies that the comparison between these countries, although there are some important lessons to be noted, should be done only under important reservations.