Domestic Top Job Training Samsung SAFFY and Others Double Trainees... Reflecting 'Hagyeongbang'

SK Hynix 'Youth High Five', POSCO 'AI·Bigdata Academy' and Other
Corporate Job Training Program Support Policies Included in 'HaGyeongJeong'
Practical Meeting on 29th with Ministry of Economy and Finance, Ministry of Employment, Samsung, SK, POSCO, and KCCI

[Sejong=Asia Economy Reporter Moon Chaeseok] The government is stepping up support to more than double the number of trainees in three top domestic job training programs, including Samsung Electronics' Samsung Youth SW Academy (SSAFY), from 1,500 to 3,000.

On the 29th, the Ministry of Economy and Finance announced that after practical consultations with Samsung Electronics, SK Hynix, POSCO, the Korea Chamber of Commerce and Industry, and the Ministry of Employment and Labor, they decided to significantly expand excellent corporate talent development programs and include this in the economic policy direction for the second half of the year.

The government, the companies involved, and the Korea Chamber of Commerce and Industry agreed to increase the number of trainees in three programs?Samsung Electronics SSAFY, SK Hynix Youth High Five, and POSCO AI·Bigdata Academy?to more than double the current scale by next year. Last year, the total number of trainees in these three programs was 1,500, with 1,000 in Samsung Electronics SSAFY, 300 in SK Hynix Youth High Five, and 200 in POSCO AI·Bigdata Academy. The goal is to increase this to over 3,000 by next year.

The companies will continue to autonomously plan and operate the selection of trainees and instructors, as well as the composition of the curriculum. The Korea Chamber of Commerce and Industry will support administrative tasks for participating companies as the program operator, discover new participating companies, and assist graduates in finding employment in related fields. The government plans to share part of the costs incurred by companies as they expand the number of trainees.

The programs of these three companies, expanded through public-private partnerships, focus on nurturing digital talents needed in the field, attracting strong interest from the youth.

Samsung Electronics SSAFY is a program that trains software developers through intensive coding education and provides customized employment support such as interview consulting. From December 2018 to last year, 2,087 people graduated, with 1,411 employed, achieving an employment rate of 68%. SSAFY operates campuses in four regions: Seoul, Daejeon, Gwangju, and Gumi. In the first half of this year (5th cohort), it accepted 750 trainees, and in the second half (6th cohort), 950 trainees. Starting next year, the number of trainees per cohort will increase to about 1,150, and a new campus will be established next month in Busan for the Busan-Ulsan-Gyeongnam (Bu-Ul-Gyeong) area.

SK Hynix Youth High Five is a program consisting of job training and internships at partner companies. The existing program, which accepts 300 trainees annually, will continue to operate, and from the second half of this year, a separate program focusing only on job training will be newly established to accept more than 400 additional trainees annually.

POSCO's AI·Bigdata Academy conducts practical training related to artificial intelligence (AI) and big data in dedicated classrooms. This year, infrastructure will be expanded, and from next year, the number of trainees will increase to around 300 annually.

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