"Job Creation through Social Economy"…Catholic University and 3 Other Schools Selected as Leading Universities

Catholic University, Sungkonghoe University, Gunsan University, and Sangji University Receive 115 Million Won Each for One Year

A completion ceremony of the 'Introduction to Social Economy Entrepreneurship - Adventurers of Innovation' course at a university in Seoul. (Image source=Asia Economy DB)

[Sejong=Asia Economy Reporter Moon Chaeseok] The government has selected four leading universities in the social economy sector to encourage youth participation and increase job opportunities.

The Ministry of Employment and Labor announced on the 21st that Catholic University, Sungkonghoe University, Gunsan University, and Sangji University have been chosen as the operating schools for the Social Economy Leading Universities program this year.

Each university will receive 115 million KRW for operating expenses. It is estimated that the education cost per student ranges from 4 to 5 million KRW.

Schools operating the Social Economy Leading Universities this year. (Data provided by the Ministry of Employment and Labor)

The courses include social entrepreneurship, social enterprise management and accounting, social enterprise seminars, community problem-solving living labs, and internships.

The social living lab is a program where public institutions and local communities collaborate to design projects that solve social issues, create prototypes, and present them at symposiums.

Internships are conducted by providing opportunities for 1 to 2 months at domestic and international social enterprises and nonprofit organizations.

Hwang Bo-guk, Director of the Integrated Employment Policy Bureau at the Ministry of Employment, said, "Given the severe youth employment situation recently, it is necessary to expand jobs through entry into the social economy sector."

He added, "We will actively strengthen career exploration and employment/startup support programs so that young talents who complete systematic education can enter the social economy field and find jobs in various sectors."

The number of schools participating in the Social Economy Leading Universities project increased from 3 in 2013 to 19 last year. Up to last year, 1,067 graduates have been produced.

Status of Departments Related to Leading Universities in Social Economy. (Source: Ministry of Employment and Labor)

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