Government "Rapid Execution of Job Project Budget in First Half... Proactive Response to Uncertainty"

Joint Meeting of Inter-Ministerial Job Task Force 13th Session

The government will expedite the execution of the job creation budget for the first half of this year faster than last year in response to uncertainties such as the delayed recovery of manufacturing employment. It also plans to intensively promote customized job policies that consider the characteristics of youth, women, and middle-aged workers.

On the 10th, the Ministry of Economy and Finance and the Ministry of Employment and Labor held the 13th meeting of the joint government 'Job Task Force (TF)' at the Government Complex Sejong, where they discussed the '2024 Government Job Creation Project Direction' including these contents.

Considering that the perceived employment situation may be difficult in the first half of this year, the government plans to execute central government job projects involving local governments at least 10 percentage points faster than the previous year in the first half. There are a total of 16 central government job projects involving local governments, with a national budget of 532.4 billion KRW invested.

Lee Seong-hee, Vice Minister of the Ministry of Employment and Labor, said in his opening remarks at the meeting, "This year, the government will focus its capabilities to achieve the results of labor reform aimed at creating quality jobs for future generations."

Regarding this year’s government job project direction, Vice Minister Lee explained, "Under a sound fiscal policy, we will strengthen investments to create conditions for future growth and sustainable job creation," and added that customized job policies for youth, women, and middle-aged workers will be intensively promoted.

He also stated that the 'Shipbuilding Industry Win-Win Agreement' to reduce the gap between primary and subcontractors will be expanded to other industries and regions, support will be strengthened to activate various working types suitable for the situations of companies and workers, and the job matching function to resolve vacant jobs will also be enhanced.

Lastly, he added, "Although institutions forecast that favorable employment trends will continue this year, uncertainties such as the delayed recovery of manufacturing employment have recently emerged," and said, "We will proactively respond to such uncertainties through the Job TF in cooperation with related ministries going forward."

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