Korea Employment Information Service and Korea International Trade Association Join Forces to Address Workforce Challenges Amid Demographic Changes

Establishing a Collaborative System
and Conducting Joint Research

On May 23, the Korea Employment Information Service signed a Memorandum of Understanding (MOU) with the Korea International Trade Association at Trade Tower in Samseong-dong, Gangnam-gu, Seoul, to respond to demographic changes.

From the left, Yoon Jinsik, Chairman of the Korea International Trade Association, and Lee Changsoo, President of the Korea Employment Information Service, are taking a commemorative photo after signing a business agreement to respond to future demographic changes on the 23rd at Trade Tower in Samseong-dong, Gangnam-gu, Seoul. Photo by Korea Employment Information Service

The two organizations entered into this agreement in order to systematically analyze the workforce supply and demand base in the trade industry and to establish a long-term response system to cope with demographic changes, as the working-age population is declining due to low birth rates and aging, and labor shortages in the industrial sector are intensifying.

Going forward, they plan to promote various initiatives, including: ▲ joint surveys and research to secure foreign workers; ▲ provision of data from the foreign worker management system and joint comparative data research; and ▲ co-hosting seminars. Through these efforts, they aim to establish a collaborative system that connects data-driven analysis with on-site corporate needs, as well as conduct joint research.

The two organizations expect that by combining the Korea Employment Information Service's quantitative workforce analysis capabilities with the Korea International Trade Association's field-oriented export company network, they will be able to more precisely diagnose workforce supply and demand issues in the industrial sector and develop practical solutions.

Lee Changsoo, President of the Korea Employment Information Service, said, "Through this agreement, we will combine the expertise of both organizations to jointly establish a policy foundation and analysis system for securing the working-age population."

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