The government is taking steps to address employment challenges in vulnerable sectors such as youth, manufacturing, and construction by identifying sector-specific policy initiatives.
On October 8, Kwon Dae-young, First Deputy Minister of Finance and Economy, and Kwon Chang-jun, Deputy Minister of Employment and Labor, convened a joint Job Task Force at the Government Sejong Center to discuss and review key employment issues.
While the number of employed individuals has increased for three consecutive months, uncertainties related to the Middle East conflict remain unresolved. Additionally, the base effect from September of the previous year is cited as a potential constraint on future employment growth. Challenges continue in vulnerable sectors, including youth, manufacturing, and construction.
The government plans to create quality job and training opportunities for citizens with the willingness and capability to work, ensuring that the benefits of economic growth are widely distributed. It will also continuously monitor trends in vulnerable sectors and underperforming industries to identify specific policy initiatives.
Kwon Dae-young stated, "Through the joint Job Task Force meeting, we will thoroughly review the implementation and preparation status of major employment measures, including the 'Youth New Deal Promotion Plan' and youth job recovery strategies. We will do our utmost to improve employment conditions that citizens can feel by mobilizing the capabilities of all ministries."
Kwon Chang-jun emphasized, "Since employment is the most critical livelihood issue, we will work with relevant ministries to identify and refine tasks that can provide practical assistance where government employment initiatives are needed."
* This article has been translated by AI.
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