'500,000 Won Per Person' IT Job Training Support Expanded to Include Men Aged 35-55

Ministry of Employment Opens 2nd Training Course for 'K-Digital Credit'... "10% Contribution Refund"

[Sejong=Asia Economy Reporter Moon Chaeseok] Going forward, men aged 35 to 55 will also be included in the support targets for the 'K-Digital Credit' policy, which provides vocational training in information technology (IT) such as coding. This is to give employment-vulnerable groups such as youth and career-interrupted middle-aged people the opportunity to get jobs in high-income IT sectors.

On the 29th, the Ministry of Employment and Labor announced improvements to the 2nd training course of K-Digital Credit with these details. This policy provides IT job training such as coding to youth aged 34 and under and middle-aged female job seekers aged 35 to under 55, offering 500,000 KRW per trainee as support funds.

First, from this month, middle-aged male job seekers aged 35 to under 55 will be added to the support targets. Until now, only youth and middle-aged women could participate.

Trainees with a training progress rate of 80% or higher will be refunded 10% of the training cost as their own contribution. From October 1, refund applications will be accepted through the vocational training portal. Those who completed training before the system improvement can also receive a 10% refund of their contribution.

Trainees with a remaining balance of the 500,000 KRW training fee will be allowed to take one additional course exceeding the balance. For example, if there is a remaining balance of 100,000 KRW but the trainee wants to take a 200,000 KRW course, they only need to add 20,000 KRW as their own contribution on top of the 100,000 KRW balance.

Comparison Before and After the K-Digital Credit System Improvement. (Source: Ministry of Employment and Labor)

From next month, 70 new training courses will be newly opened. In addition to the seven institutions such as TeamSparta and FastCampus that participated in the first education, Alice, Modu's Research Lab, and Grep have joined the second course.

Song Hongseok, Director of the Vocational Competency Policy Bureau at the Ministry of Employment, said, "With the non-face-to-face trend spreading to all areas of society and economy due to COVID-19, corporate demand for personnel with digital capabilities is rapidly increasing. We will actively support those who have not challenged themselves due to high entry barriers of new technologies to lay the foundation for developing digital capabilities."

K-Digital Credit can be applied for by any youth or middle-aged job seeker through the portal. Detailed information can be found on the portal or the websites of each training institution.

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