Ministry of Employment to Promote 'Competency Bank System' for Managing Job Skills Including Education, Training, and Qualifications

Legislative Notice for the Amendment to the Worker Vocational Competency Development Act

[Sejong=Asia Economy Reporter Son Seon-hee] The government is promoting a so-called "Competency Bank System (tentative name)" that allows individuals to save and manage job competency information acquired through education and training. The plan is to enable the use of information managed based on the National Competency Standards (NCS) for employment purposes.

The Ministry of Employment and Labor announced on the 10th that it will publicly notify a revision bill of the "Worker Vocational Competency Development Act" containing these details. The Competency Bank System is a system that allows job competencies learned through various education or training to be saved and integrated as 'NCS competency units,' each consisting of about 10 units per job. This can then be utilized for employment and personnel placement.

In the future, the ministry plans to build an information network for the saved job competencies and support the issuance of certificates starting from 2023 upon individual request.

Song Hong-seok, Director of the Vocational Competency Policy Bureau, said, "Once the Competency Bank System is established, individuals will be able to utilize the job competency information they have acquired through long hours and effort for employment and other necessary purposes, and companies will be able to hire and place talent based on competencies suitable for the job."

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