President Moon Hosts Luncheon at Blue House with Lee Jae-yong, Chung Eui-sun, Choi Tae-won, Koo Kwang-mo, Choi Jung-woo, Koo Hyun-mo, and Others (Comprehensive)

Lunch Meeting with CEOs of Companies Participating in Cheongnyeon Hope ON... "Expressing Gratitude to Companies Creating Youth Jobs"

[Asia Economy Reporter Ryu Jeong-min] On the 27th, President Moon Jae-in will invite major conglomerate heads, including Samsung Electronics Vice Chairman Lee Jae-yong, to the Blue House for a luncheon.

Shin Hye-hyun, Deputy Spokesperson of the Blue House, stated on the 26th, "Tomorrow (the 27th), President Moon will invite representatives of companies participating in the Youth Hope ON project to the Blue House for a luncheon meeting."

Deputy Spokesperson Shin explained, "This meeting was arranged to express gratitude to companies that have pledged to create youth jobs by participating in the Youth Hope ON (溫, On-Going) project, and to share the social significance of Youth Hope ON and future implementation plans."

Attending the Blue House luncheon meeting will be Samsung Electronics Vice Chairman Lee Jae-yong, Hyundai Motor Chairman Chung Eui-sun, SK Chairman Chey Tae-won, LG Chairman Koo Kwang-mo, POSCO Chairman Choi Jeong-woo, and KT Chairman Koo Hyun-mo.

The view of the Blue House from Namsan, Seoul. Photo by Hyunmin Kim kimhyun81@

The Youth Hope ON project is part of the ‘Special Youth Measures’ jointly established by 18 government ministries on August and reviewed and finalized by the Youth Policy Coordination Committee chaired by the Prime Minister.

Deputy Spokesperson Shin said, "It is a company-led public-private cooperation project where companies directly train and hire the talent they need, and the government supports training costs, etc." Starting with KT on September 7, Samsung, LG, SK, POSCO, and Hyundai Motor also joined.

Deputy Spokesperson Shin added, "These six companies have promised to create a total of 179,000 jobs over the next three years and provide educational training opportunities for youth," and explained, "The 179,000 jobs to be created sequentially over the next three years from next year are the result of companies’ consensus and determination to share social responsibility for youth employment, combined with government financial support."

Companies participating in Youth Hope ON have significantly expanded their existing hiring targets and started educational training. KT began training in December, and Samsung and POSCO are scheduled to start in January next year.

Deputy Spokesperson Shin said, "Youth employment has always been the government’s most serious challenge and is given the highest priority with special efforts," and expressed hope that "the public-private cooperation job creation model will firmly establish itself as a solution to youth employment issues."

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