President Moon: "All Ministries United for Rapid Employment Recovery" (Update)

Presiding over Cabinet Meeting at Cheongwadae: "Employment Situation Very Serious, Worsening Polarization by Industry and Class" Concerns

[Asia Economy Reporters Ryu Jeong-min and Lee Ji-eun] On the 16th, President Moon Jae-in held a Cabinet meeting at the Blue House and instructed a full-scale inter-ministerial response for a rapid employment recovery.

President Moon stated, "The employment situation is very serious. Although there were unavoidable aspects due to the spread of COVID-19 and quarantine measures, it is a very painful issue from the perspective of people's livelihoods." He particularly expressed concern about the deepening polarization by industry and social class.

President Moon said, "Polarization in jobs will directly lead to income polarization," urging the government to take extraordinary measures. He instructed the central government, local governments, and public institutions to work together to directly create more than 900,000 jobs by the first quarter.

[Image source=Yonhap News]

Additionally, President Moon announced, "We will comprehensively support the maintenance of private sector employment." Furthermore, he pledged to focus on creating conditions to maintain employment by reducing labor cost burdens for small and medium-sized enterprises and small business owners.

President Moon said, "We will make special efforts to prepare employment measures that expand job opportunities for vulnerable youth and women," adding, "We will actively create digital jobs for youth and provide additional employment incentives for young people." Regarding women, he stated that measures will be devised to prevent career interruptions and enable a balance between work and caregiving.

Moreover, President Moon said, "We will expand the National Employment Support System for vulnerable employment groups and continuously increase employment insurance coverage," and "We will expand vocational training and focus efforts on nurturing future-oriented talents leading new industry sectors."

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