Seoul City to Create 1,000 Post-Corona Jobs for Youth Employment... Sequential Selection Until May

Project '1000 Dreams of Youth Jobs' Takes First Step
Matching Companies and Youth for 600 Post-Corona Jobs, Supporting 350 Internships at Global Companies and Startups
Wage Subsidy Up to 2.23 Million KRW per Month

[Asia Economy Reporter Lim Cheol-young] As the employment market downturn prolongs and last year's COVID-19 adversity overlaps, Seoul City is launching the '1000 Dreams of Youth Jobs' project to alleviate the increasingly severe youth employment shock.

On the 23rd, Seoul City announced that it will start a project to discover jobs (companies) and match them with young people who have difficulty finding employment after graduation or lost jobs due to COVID-19, allowing them to gain work experience and job skills in promising fields of the post-COVID era. The city plans to fully support wages up to 2.23 million KRW per month for selected youths with city funds.

This project is created through the 'Youth Autonomous Budget,' where the policy stakeholders, the youth themselves, plan, design, propose, and even lead the actual budget allocation. The city notes that the 'Eco Generation,' born between 1991 and 1996, continues to enter the labor market after graduation, but companies are reducing new hires and even cutting existing jobs due to COVID-19.

The city will discover 1,000 jobs and support about 1,000 people. The project will be promoted in two areas: about 600 post-COVID jobs and 350 participants in the 'Youth Intern Job Camp,' where they can work as interns at global companies and promising startups in new industries.

Post-COVID jobs will focus on four major fields with high potential for labor market expansion in the future. These include strategically nurtured core future industries and social service sectors whose importance has increased after COVID-19. Starting on the 25th, applications for participants in the youth support service sector will begin, followed by recruitment for the digital sector in April, and the climate environment and social economy sectors in May. The digital, climate environment, and social economy sectors are currently recruiting participating companies ahead of participant recruitment.

Selected youths will receive wages up to 2.23 million KRW per month and enrollment in the four major social insurances. In addition to jobs, educational programs to improve job skills in the respective fields will be conducted, and participants who complete the training will receive certificates. The aim is to support both career formation and expertise enhancement so that participants can maintain competitiveness in job seeking even after participating in the jobs.

The Seoul-type Youth Intern Job Camp is a new type of job project that connects young people with desirable companies and prepared youth job seekers. It offers opportunities to gain work experience as interns at global companies and promising startups in new industries, with participant recruitment planned to start at the end of March.

Kim Young-kyung, Head of Seoul Youth Office, said, "We are currently facing the most serious employment crisis since the IMF financial crisis," adding, "The COVID-19 impact has increased transitional instability due to delayed labor market entry for youth, and the youth generation is expected to suffer the greatest damage in the future." She continued, "We will do our utmost to overcome the employment crisis, discover and support new jobs while closely monitoring the lives of youth to prevent delays in their social entry."

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