Seoul 50 Plus Foundation and Hyundai Motor Group Hold 'Good Job 5060' Performance Sharing Event for Senior Jobs

A Forum to Share Successful Employment Cases and Achievements
Since Launch, 368 Reemployed with 62.2% Employment Rate and 69.5% Employment Retention Rate Achieved

[Asia Economy Reporter Lim Cheol-young] The Seoul 50 Plus Foundation held the ‘Good Job 5060’ performance sharing meeting on the 26th to help middle-aged and older adults re-enter the workforce, and announced on the 27th that it shared the job creation achievements over the past four years.

The ‘Good Job 5060’ 2021 performance sharing meeting, held simultaneously online and offline on the 26th, was attended by key figures including Moon Hye-jung, CEO of the Seoul 50 Plus Foundation, Lee Byung-hoon, Executive Director of Hyundai Motor Group, Hwang Bo-guk, Director of the Integrated Employment Policy Bureau at the Ministry of Employment and Labor, Shin Cheol-ho, CEO of SangSangUri, and about 150 project graduates.

The performance sharing meeting featured presentations of business achievements over the past four years, introductions and awards for outstanding employed individuals and companies, and an online networking session among graduates. In Part 1, ‘The Past Four Years Made Together with Middle-aged and Older Adults,’ the event introduced the job creation and social achievements for the middle-aged and older adults over the four years since the launch of Good Job 5060. It also presented and awarded five outstanding employed individuals who succeeded in finding jobs through new challenges in their second act of life, one company excelling in hiring middle-aged and older workers, and two companies expected to have promising collaborations with this demographic in the future. In Part 2, ‘Online Networking with Alumni,’ Professor Heo Tae-gyun of Korea University gave a lecture providing an opportunity to consider the positive potential of organizational culture for the 50-60 age group, followed by an online exchange session for ‘Good Job 5060’ graduates who could not meet in person due to COVID-19.

Since its launch in 2018 until July this year, a total of 591 middle-aged and older adults have received education and consulting through ‘Good Job 5060,’ with 368 of them, accounting for 62.2%, successfully re-employed. The employment retention rate for over six months was 69.5%. Additionally, based on the United Nations Sustainable Development Goals (SDGs), analysis showed that the ‘Good Job 5060’ project generated social value worth approximately 5.47 billion KRW, about 4.1 times the invested budget of 1.32 billion KRW.

CEO Moon Hye-jung said, “The Good Job 5060 project, started through a public-private partnership, has played a pivotal role as a stepping stone for successful employment and has established itself as a leading domestic job creation project for middle-aged and older adults. The foundation will continue to strive to expand opportunities that utilize the capabilities and expertise of this demographic and create social value.”

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