G20 Labor Ministers: "Safety Nets for COVID-19 Vulnerable Groups Must Be Strengthened"

Lee Jae-gap, Minister of Employment and Labor

[Asia Economy Reporter Buaeri] Labor ministers from the Group of Twenty (G20), including South Korea, reached a consensus on the 10th that social safety nets must be strengthened to support vulnerable groups experiencing income reduction and job loss due to the COVID-19 pandemic.

Labor ministers from G20 member countries and invited nations, including Lee Jae-gap, Minister of Employment and Labor, held a regular virtual meeting on the day and adopted a joint declaration containing these points.

In the declaration, the G20 labor ministers stated, "We recognize that social protection systems play an essential role in protecting all people, including workers whose incomes have decreased or who have lost jobs due to COVID-19."

They added, "Social protection systems should be improved to provide comprehensive and adequate protection for women and youth who are largely employed in the lowest-wage jobs, vulnerable sectors, or the informal economy."

They emphasized, "Accurate worker classification will help reduce gaps in social protection systems, minimize worker exploitation, and establish regulations and policies to ensure fair support from employers."

Minister Lee introduced the Korean government's employment policies in response to the COVID-19 crisis during the meeting and explained the Korean New Deal policy prepared for the 'post-COVID' era.

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