Economic uncertainties not deterring Korean conglomerates from recruiting youth, as they disclose their employment strategies
In the world of employment, good news abounds for South Korea as the labor market has seen a positive trend for three consecutive months, with a significant gain of over 100,000 jobs each time. The latest figures show that the Korean labor market added an impressive 166,000 jobs in August.
However, this positive outlook does not extend to the youth employment sector, which continues to decline, presenting a challenging situation for the country's future workforce.
The government and private sector are taking action to address this issue. On June 13, 2022, President Lee Jae Myung held a meeting with heads of major conglomerates at the presidential office in Yongsan, Seoul. While the specific details of the discussions were not disclosed, it is clear that the focus was on finding solutions to bolster employment opportunities for the younger generation.
The private sector is also playing its part. Notable company founders from major Korean tech and startup companies were present at the meeting, although their names were not publicly detailed.
In addition to high-level meetings, job fairs are being organised across the country to connect job seekers with potential employers. Two such events took place recently - one at a university in Busan on Sept. 10, and another at Coex in Gangnam District, southern Seoul on June 5.
International students are also benefiting from these initiatives. KITA's career program has successfully helped them secure jobs, although the nature of these jobs remains undisclosed.
This article has been translated from Korean to English using bilingual reporter, generative AI tools, and edited by a native English-speaking editor to ensure clarity and accuracy for our readers.
For those interested, there are three audio tracks (audio_0, audio_1, audio_2) available to provide additional context. The article is divided into chapters for easy navigation, and the modal window can be opened and closed by user interaction. The escape key can be used to cancel and close the window.
Captions are available for the video content, and the dates for the job fairs at the university in Busan and Coex in Gangnam District are Sept. 10 and June 5, respectively.
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