33,000 New Hires in Public Institutions Last Year... Debt Scale Increased by 21 Trillion Won Compared to Previous Year

On the 8th, the 2020 Public Institution Recruitment Information Fair, hosted by the Ministry of Economy and Finance, was bustling with job seekers at the aT Center in Seocho-gu, Seoul. Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Jang Sehee] Last year, new hires in public institutions such as companies reached 33,000, focusing on healthcare, safety, and employment welfare. This maintained the level of 30,000 for two consecutive years. On the other hand, the debt scale increased by 1.1 percentage points compared to the previous year, reaching 525.1 trillion won.

On the afternoon of the 29th, the Ministry of Economy and Finance disclosed the "2019 Public Institution Management Information" containing these details. This regular disclosure analyzed data from the past five years of 340 public institutions.

Last year, public institutions hired 33,000 people, focusing on healthcare, safety, and employment welfare, maintaining the level of 30,000 for two consecutive years.

New hires in public institutions have steadily increased since 2010. After hiring 21,000 people in 2016 and maintaining a 20,000 hiring level, they again hired more than 30,000 new employees after two years.

Efforts for socially equitable hiring in public institutions led to an increase of 103 disabled hires and 1,018 female hires. Youth hiring remained steady at 27,000 compared to the previous year.

Non-regular workers decreased by 580 from the previous year to 26,000 due to conversion to regular positions.

The number of users taking parental leave increased by 2,000 from the previous year to 18,000. In particular, male users increased by 658 (33.0%) from the previous year to 3,000.

Last year's debt scale increased by 21.4 trillion won from the previous year to 525.1 trillion won. However, national policy banks such as the Korea Development Bank, Export-Import Bank of Korea, and Industrial Bank of Korea were excluded from the debt scale analysis.

The asset scale increased by 32.8 trillion won from the previous year to 861.1 trillion won. The debt ratio decreased by 1.1 percentage points from the previous year to 156.3%.

Meanwhile, welfare expenses reached 911.4 billion won, an increase of 16.2 billion won from the previous year. Despite an increase of 28,000 in the public institution workforce, the increase was slight due to a decrease in tuition support following the implementation of free high school education.

This content was produced with the assistance of AI translation services.