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Gov't to Announce Job Creation Plan for Youth

Written: 2018-02-22 18:53:26Updated: 2018-02-22 19:04:00

Gov't to Announce Job Creation Plan for Youth

The government plans to announce a set of job creation measures for young people around next month, possibly through the use of a supplementary budget. 

Finance Minister Kim Dong-yeon said in a meeting with reporters at the government complex in Sejong City on Thursday that the government is drafting measures to boost youth employment. 

He said the government will draw up comprehensive measures, employing various policy means, including fiscal, tax, finance and regulatory measures. 

The minister said the youth job-creation measures will be focused on small- and mid-sized companies, startups, overseas work and new service areas. 

He said the measures will seek to ease a mismatch between supply and demand for jobs at SMEs, noting as many as 200-thousand job openings are left unfilled because of it. 

He said the government will also strive to increase the number of startups to 120-thousand this year, adding startups employ an average of nearly three young people. 

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