KCCI Wins Excellence Award at International Labour Organization Competition

Ideas to Resolve Job Description Mismatches
Forecasting Employee Demand in Companies...Government Policy Support

[Asia Economy Reporter Dongwoo Lee] The Korea Chamber of Commerce and Industry (KCCI) announced on the 16th that it was selected as an outstanding idea in the idea contest held by the International Labour Organization (ILO) to resolve labor market skill mismatch.

This contest was organized by the ILO to discover ideas to resolve skill mismatches, one of the recent global labor market issues, and to promote efficient skill development and utilization for workers. Skill mismatch occurs due to the gap between the skills required by companies and the skills learned at educational institutions, which can lead to labor shortages for companies and involuntary unemployment for job seekers.

KCCI proposed a "company-led autonomous cluster model" to solve this issue in the contest. The Chamber suggested an idea where companies form clusters by region and industry to predict actual labor demand and operate autonomous training methods, while the government provides institutional support for company operations, which received positive evaluations from the ILO.

KCCI has also received approval from the Ministry of Employment and Labor last September for a similar "private autonomous work-study pilot project," recruiting 116 companies and 606 learning workers, who are currently undergoing training.

Ki-seop Moon, head of KCCI’s Human Resources Development Project Group, said, "Recently, the global labor market is commonly experiencing increasing losses due to workers’ skill mismatches, and international cooperation is necessary to resolve this. Active and leading participation by demand-side entities such as companies, based on labor market autonomy, is a key factor in resolving skill mismatches."

Meanwhile, the contest received 473 ideas from 96 countries worldwide. The KCCI’s "Skill Mismatch Resolution Model," selected as an outstanding idea, was officially announced at the online ceremony for World Youth Skills Day hosted by the ILO the day before.

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