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  • Finance Minister Says Public Firms Will Lead Job Creation In First Half

Finance Minister Hong Nam-ki (Photo: Yonhap News)
Finance Minister Hong Nam-ki (Photo: Yonhap News)
Public institutions are expected to hire more than 45 percent of their new employees in the first half of this year as part of efforts to prop up the domestic job market hit hard by COVID-19.

Finance Minister Hong Nam-ki laid out the plan Wednesday during a pan-government meeting.

He said they will begin the process to hire around 22,000 interns this month, adding that measures will also be drawn up to boost employment for women and young adults.

The push to spur job creation in the public sector includes the hiring of 30,000 civil servants such as police officers, firefighters and diplomats.

The government aims to hire 830,000 people in temporary job posts and 28,000 people in the social services segment in the first quarter.

The finance ministry said it will front-load 5.1 trillion won or 38 percent of this year's budget to achieve that.

Hong said, "In light of the pandemic's lingering impact on the job market and the base effect, the labor market is expected to remain sluggish until February."
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