Kakao with 13,000 Employees Plans to Hire 10,000 More Over the Next 5 Years (Comprehensive)

Youth Hope ON Project Partnership Agreement

Prime Minister Kim Boo-kyum (left) visited Kakao Pangyo Office in Seongnam-si, Gyeonggi-do on the 9th and took a commemorative photo with Chairman Kim Beom-su before the 'Youth Hope ON' Kakao meeting. 2022.2.9 Photo by Yonhap News

[Asia Economy Reporters Son Seon-hee (Sejong), Kang Na-hum] Kakao will create a total of 20,000 youth jobs over the next five years through a partnership with the government, directly hiring 10,000 of them. Currently, the number of employees in the 'Kakao Community,' including Kakao affiliates, is about 10,000, and the company plans to more than double this number, actively participating in creating quality jobs.

Kakao will create a total of 20,000 youth jobs over the next five years through a partnership with the government, directly hiring 10,000 of them. Currently, the number of employees in the 'Kakao Community,' including Kakao affiliates, is about 10,000, and the company plans to more than double this number, actively participating in creating quality jobs.

According to the Office for Government Policy Coordination on the 9th, the government and Kakao held a meeting at Kakao's Pangyo office in Seongnam, Gyeonggi Province, in the morning and signed a partnership for the 'Youth Hope ON Project' with these details. Kakao will invest 500 billion KRW over the next five years to create new jobs.

The 'Kakao Community,' including Kakao's first-tier affiliates, will directly hire an average of 2,000 people annually over the next five years. The 'Artificial Intelligence (AI) Campus,' currently being established for employee training purposes, will be opened to the general youth, nurturing a total of 6,000 digital young talents over three years starting in 2024. Additionally, Kakao will invest 300 billion KRW over the next five years to support the founding of '100 startups.'

Attending the meeting were Prime Minister Kim, Koo Yoon-chul, head of the Office for Government Policy Coordination, Park Hwa-jin, Vice Minister of Employment and Labor, and Kakao executives including Chairman Kim, Vice Chairmen Kim Seong-su and Hong Eun-taek, and CEO-designate Namgoong Hoon.

Prime Minister Kim said, "With Kakao's participation in Youth Hope ON, we expect the creation of more than 20,000 good jobs and talent development in the digital industry sector alone, as well as the emergence of a 'second and third Kakao.'" He added, "We expect Kakao to set an example of win-win management among platform companies going forward."

Chairman Kim responded, "I hold the belief that many young people dream of starting their own businesses and realize them, creating a society where this is possible." He added, "I will personally support IT talent entrepreneurship and innovator development to create a structure where entrepreneurship can be one of the options when our youth choose their career paths."

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