The Ministry of Economy and Finance, Ministry of Land, Infrastructure and Transport, Ministry of SMEs and Startups, and Financial Services Commission to Establish 'Dedicated Youth Departments'... Workforce Also Reinforced

Establishment of Dedicated Youth Departments in 4 Ministries, Strengthening Functions in 5 Ministries through Workforce Expansion
Approval of Revised Organizational Plans for 9 Key Ministries at Cabinet Meeting

[Asia Economy Reporter Lim Cheol-young] The government will strengthen policy capabilities by establishing dedicated youth units and reinforcing personnel in nine ministries, including the Ministry of Economy and Finance, to provide systematic and comprehensive support for the difficulties faced by the younger generation, such as employment challenges and housing instability.

On the 31st, the Ministry of the Interior and Safety and the Office for Government Policy Coordination announced that the partial amendment ordinance of the organizational regulations for nine ministries, including the Ministry of Economy and Finance, was approved at the Cabinet meeting on the same day and will be implemented on the 7th of next month. This organizational amendment is a follow-up measure to the Youth Basic Act enacted in August 2020, designed to comprehensively and systematically promote youth policies through overall coordination of youth policies by ministries, task discovery and surveys, and inter-ministerial cooperation.

The government plans to establish dedicated youth units in four ministries, including the Ministry of Economy and Finance, and reinforce four necessary personnel, while adding three dedicated personnel for youth policy promotion in five ministries, including the Ministry of Education. Each of the four ministries?the Ministry of Economy and Finance, the Ministry of Land, Infrastructure and Transport, the Ministry of SMEs and Startups, and the Financial Services Commission?will establish a youth policy division to promote youth policies within their respective ministries. Additionally, the Ministry of Education, the Ministry of the Interior and Safety, the Ministry of Culture, Sports and Tourism, the Ministry of Health and Welfare, and the Ministry of Employment and Labor will reinforce related personnel to establish and implement youth policies tailored to the characteristics of each ministry.

This organizational amendment is a measure taken in consideration of the recent increase in the need for youth policies due to delayed labor market entry caused by low employment rates and high unemployment rates among youth, which exacerbates instability in the life cycle transition of the younger generation, as well as the continuous increase in government youth policy tasks and related budgets, leading to a rise in youth-related workloads across ministries.

Nam Hyung-gi, Director of the Youth Policy Coordination Office at the Office for Government Policy Coordination, said, "At a time when youth policy is taking root as a major national policy, establishing dedicated departments in related ministries is very timely," adding, "We will closely cooperate with the dedicated youth policy departments in each ministry to ensure that youth policies at the government-wide level are carried out organically."

Han Chang-seop, Director of the Government Innovation Organization Office at the Ministry of the Interior and Safety, said, "Considering the increased importance and social interest in youth policies, we expect that through the establishment of dedicated youth units and personnel reinforcement, new youth-related policies will be developed and implemented from the perspective of youth, and existing youth policies will be evaluated and reviewed to further advance them."

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