Won Hee-ryong "Mandating Large Corporations' 'Employment-Linked Job Training'"... Job Creation Measures Announced

Expansion of Job Training Support for Mid-sized Private Companies and Startups
"Job Policies Should Not Just Fill Numbers with Statistics"

Won Hee-ryong, a presidential primary candidate of the People Power Party, holds a press conference on the 6th at the National Assembly Communication Office to announce the 'Innovation Growth No. 3 Pledge - Bigger Tomorrow Job Policy.' Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Park Jun-yi] Won Hee-ryong, former governor of Jeju Province and presidential candidate of the People Power Party, has pledged to introduce mandatory employment-linked job and vocational training for large corporations to address the issue of job shortages. He also promised to expand support and investment for job creation in private companies, including mid-sized companies and startups.

On the morning of the 6th, Won held a press conference at the National Assembly and announced his third innovation growth pledge, the "Greater Tomorrow Job Policy."

He stated, "Under the Moon Jae-in administration, jobs have decreased by an average of 7% annually. They have been manipulating job statistics by expanding public work and non-regular employment," adding, "This is a job catastrophe caused by misdiagnosis, lack of philosophy and strategy, and policy failure," explaining the purpose of his pledge.

He cited the disappearance of middle-tier jobs due to digitalization, polarization of employment in the private sector, and livelihood-type startups as current problems in job policies.

As part of his pledge, Won proposed making "employment-linked job and vocational training" mandatory for publicly disclosed corporate groups under the Fair Trade Act (with total assets of 5 trillion won or more). He explained, "Global companies like Google, Apple, and JP Morgan Chase have established and operate corporate universities. They predict workforce demand for about the next five years and provide specialized job and vocational training. They then directly hire outstanding graduates."

He also announced plans to support employment-linked job and vocational training for private companies subject to the Mid-sized Companies Act or higher. The government will back private companies' efforts to create jobs. To this end, he intends to enact the "Greater Tomorrow Job Special Act" and establish "corporate universities" in cooperation with universities.

Additionally, he declared that he would expand employment-linked investments targeting venture companies in future new industries and innovative startups. Citing the example of the Singapore Investment Corporation, he said, "The Singapore Investment Corporation conducts employment-linked investments in overseas innovative startups to foster future new industries such as bio and digital sectors and create future-oriented jobs. In the digital sector, employment must be maintained for five years, and in the bio sector for seven years, with investments made based on a fixed amount per employee hired."

When asked by reporters immediately after the press conference whether public jobs are necessary, he replied, "While increasing public servants may be necessary in fields like firefighting or welfare, creating public institutions and increasing public servants to solve every failed policy, such as real estate information officers and supervisors, is the wrong public omnipotence of this government," adding, "We must not repeat job policies that merely fill statistics with numbers for the time being."

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