To attract local talent, it is essential to consider not only company size and salaries but also work environments and living conditions, according to recent discussions. Strategies to ensure that the growth of local industries benefits the community were also addressed.
The Ministry of Economy and Finance and the 7th Long-term Strategy Committee held the 9th meeting of the Future Society Strategy Group and Governance Reform Group on October 16, discussing ways to establish a sustainable structure for regional development and support youth employment in the age of artificial intelligence (AI).
Moon So-young, a senior researcher at the Economic Plus Research Institute, explained that when choosing jobs, young people prioritize work environments and living conditions alongside company size and salary. She emphasized that policies aimed at attracting local talent must comprehensively reflect these preferences.
Participants expressed the need to create a structure where the growth of local industries and regional development mutually reinforce each other. They discussed the necessity of ensuring that the achievements of local industries are accumulated and reinvested in the community.
In response to changes in hiring and job roles due to the spread of AI, the meeting also addressed ways to support young people's entry into the labor market and career development. There were suggestions to expand opportunities for youth to gain practical work experience and develop skills demanded in the industry.
Cha Kyung-jin, a professor at Hanyang University’s Business School, pointed out that job preparation for young people should not overly focus on building resumes for document screening. He proposed enhancing opportunities for practical job experience and AI competency through collaboration between universities and businesses.
In-so-young, a professor at KAIST, noted that there may be discrepancies between fields perceived as promising by young people and the job roles required by companies. She advocated for training programs to more accurately reflect the demands of the industry.
Kwon Oh-hyun, chair of the Long-term Strategy Committee, emphasized the importance of expanding growth foundations to continuously create new jobs as a fundamental solution to youth employment issues.
The committee members agreed on the need to establish an integrated platform that allows young people to understand the connections between education, training, experience, and future job opportunities and income. This aims to link and provide information currently dispersed across various institutions.
The Ministry of Economy and Finance and the committee plan to continue discussions on future strategic tasks based on the opinions presented in this meeting.
* This article has been translated by AI.
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