유일호 “청년내일채움공제 가입대상 1만명→5만명으로 확대”
The Korean government is aiming to lower the country’s youth jobless rate by filling vacant spots at small and medium-sized companies.
It’s also encouraging companies to improve their maternity leave programs by offering incentives,… to get women back into the job market after having a baby.
Kim Min-ji reports.
The government has vowed to boost measures aimed at supporting youth employment.
In an economy-related ministers’ meeting on Wednesday,… Finance Minister Yoo Il-ho said the government will expand on measures that complement policies unveiled in April aimed at supporting employment for young people and women.
Among the measures…. if young jobseekers work at a small or medium sized company for two years after an internship there,… and save three million won,… or roughly 26-hundred U.S. dollars,… the government and the firm will provide a combined bonus of over 77-hundred dollars as an incentive.
The system will be expanded to cover five times as many people as initially announced.
“We will foster this program as one of our top priorities to get young people to work at SMEs and build up their assets. We’ll expand the number of young job seekers that can enroll for the program to 50-thousand.”
The program aims to reduce the youth unemployment rate by encouraging young jobseekers to take jobs at SMEs.
The youth jobless rate stood at eight-point-five percent in October,…. the highest for that month in 17 years.
In regards to boosting female employment,… the government will include maternity leave when assessing performance for public institutions.
Those that offer greater maternity protection to their female workers will be given incentives.
The top economic policymaker added the government will implement fiscal measures, including the budget supplement without delay in order to minimize employment risks.
Moving to the broader economy,… Yoo cited that a potential U.S. rate hike and uncertainties regarding the incoming Trump administration,… as well as local issues like the ongoing corporate restructuring drive and mounting household debt — as risks going forward.
The minister said that the government will step up monitoring and take stern action if necessary.
Kim Min-ji, Arirang News.
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