Vice Minister Gi: "Employment Situation Difficult, Uncertainty of COVID-19 Resurgence Increasing"

Government to Hold the 32nd Innovation Growth Strategy Review Meeting on the 20th

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] Kim Yong-beom, First Vice Minister of the Ministry of Economy and Finance, said, "Although public sector jobs played a significant role during the crisis, the employment situation remains difficult."

On the morning of the same day, Vice Minister Kim held the "32nd Innovation Growth Strategy Review Meeting, Policy Review Meeting, and 5th Korean New Deal Review Task Force (TF)" at the Seoul Government Complex, stating, "Uncertainty is also increasing due to the resurgence of COVID-19."

Vice Minister Kim said he would make every effort to execute job projects aimed at alleviating the difficulties faced by the public. The government is currently injecting fiscal resources to address employment blind spots.

He added, "This year, public sector jobs have served as a pillar for our employment market amid the unprecedented employment crisis caused by COVID-19," and "They have been especially meaningful for vulnerable employment groups such as the unemployed facing survival risks, youth, and small business owners."

As of November, 933,000 people are participating in the government's direct job projects this year. The response includes transitioning to non-face-to-face work methods depending on the COVID-19 situation. The recruitment for 604,000 jobs funded through the 3rd and 4th supplementary budgets is also accelerating.

Furthermore, Vice Minister Kim explained, "The deadline for expanding employment and social safety nets has shortened," adding, "This is because the COVID-19 crisis has deepened polarization and made life more difficult for vulnerable groups, highlighting the importance of expanding safety nets."

Vice Minister Kim stated, "The government is promoting solar power R&D investment, measures to revitalize offshore wind power, and green hydrogen demonstration projects to establish a green energy foundation, planning to invest 11.3 trillion won by 2025."

He continued, "The mandatory supply ratio of renewable energy in the public sector will be gradually increased from 30% to 40% by 2030, and renewable energy cluster complexes will be created under local government leadership."

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