S. Korean government unveils new measures to boost job creation
- 6 years ago
In South Korea, many job seekers have been struggling to find jobs in the grim employment market.
Last month, the overall jobless rate hit 3-point-6 percent…marking its highest point in 13-years... just comparing the numbers for the month of September.
To tackle the unemployment issue, the South Korean government has unveiled some fresh measures.
For more, our Ko Roon-hee is on the line for us.
Roon-hee, tell us the latest.
Jiyoon.
At an economic-related ministers on Wednesday, Korea's finance minister Kim Dong-yeon painted a clear picture on how the government is going to create more jobs.
Kim said 59-thousand jobs will be created for youths, people in their 50s and 60s, and the elderly.
And 35-thousand people will be provided with vocational trainings to improve their professional capabilities.
Specifically, the number of interns in public institutions will be increased by more than 5-thousand.
And the number of administrative support staff for government agencies will be upped by more than 2-thousand.
So other than specific measures to create jobs, what did the ministers discuss at the meeting to try and solve the unemployment issue?
The finance chief said it will accelerate innovative growth by embracing the sharing economy....which means new markets for products and services.
For instance, the government will provide measures to vitalize new transportation services and expand the scope of accommodation sharing.
Moreover, Kim also vowed to expand the healthcare market...by clarifying the scope and criteria of the health care services provided by non-medical institutions.
There were also plans about boosting investments as well.
Private sector-led investments will be implemented faster than scheduled, and more than 13-point-2 billion U.S. dollars' worth of financial help will be provided to help companies boost investment.
That's all from me at this hour, Ji-yoon.
Last month, the overall jobless rate hit 3-point-6 percent…marking its highest point in 13-years... just comparing the numbers for the month of September.
To tackle the unemployment issue, the South Korean government has unveiled some fresh measures.
For more, our Ko Roon-hee is on the line for us.
Roon-hee, tell us the latest.
Jiyoon.
At an economic-related ministers on Wednesday, Korea's finance minister Kim Dong-yeon painted a clear picture on how the government is going to create more jobs.
Kim said 59-thousand jobs will be created for youths, people in their 50s and 60s, and the elderly.
And 35-thousand people will be provided with vocational trainings to improve their professional capabilities.
Specifically, the number of interns in public institutions will be increased by more than 5-thousand.
And the number of administrative support staff for government agencies will be upped by more than 2-thousand.
So other than specific measures to create jobs, what did the ministers discuss at the meeting to try and solve the unemployment issue?
The finance chief said it will accelerate innovative growth by embracing the sharing economy....which means new markets for products and services.
For instance, the government will provide measures to vitalize new transportation services and expand the scope of accommodation sharing.
Moreover, Kim also vowed to expand the healthcare market...by clarifying the scope and criteria of the health care services provided by non-medical institutions.
There were also plans about boosting investments as well.
Private sector-led investments will be implemented faster than scheduled, and more than 13-point-2 billion U.S. dollars' worth of financial help will be provided to help companies boost investment.
That's all from me at this hour, Ji-yoon.