Oh Se-hoon: "1 Million New Jobs Annually Through Industrial Investment and Tourism"

4 Trillion Won "Next Economy Seoul Fund" to Be Established
Academy-Based Job Training and Safe Jobs for Seniors to Be Created

Sehun Oh, the People Power Party candidate for Seoul mayor, on May 18 announced his economic and employment pledge, focusing on "1 Million Seoul Jobs Per Year Created by Industrial Investment and Tourism."

The plan aims to create an annual average of 985,000 jobs from 2027 to 2030, based on two pillars: "Next Economy Seoul," the five core hubs of Seoul's economy, and the "Seoul Tourism Future Vision 3·3·7·7."

The Seoul Metropolitan Government will invest 200 billion won to establish the "Next Economy Seoul Fund" with a total size of 4 trillion won. Leveraging this fund, the city will reorganize Seoul into five advanced and creative industry zones and attract 500 billion won in annual foreign direct investment through the Seoul Investment Promotion Foundation.

Sehun Oh, the People Power Party candidate for Seoul mayor, is announcing the 'Seoul Home' real estate pledge at his election campaign headquarters in Jongno-gu, Seoul on the 17th. Photo by Yonhap News

The "Seoul Tourism 3·3·7·7 Project," which positions the tourism industry as another pillar for job creation in Seoul, will also be accelerated. Specifically, the targets are: attracting 30 million foreign tourists; achieving per capita spending of 3 million won; an average stay of seven days; and a 70% repeat visit rate. Through this, the city aims to create an annual average of 464,000 jobs, reaching approximately 545,000 jobs in 2030.

In addition, the plan will establish a vocational school-centered employment education system encompassing youth, middle-aged, and skilled talent, thereby expanding job matching in new industries. The city will also provide 150,000 ultra-short-term and neighborhood-based safe jobs per year for those in their 70s, discover jobs for self-sufficiency for low-income groups, and create public jobs for vulnerable groups, strengthening the employment safety net for the socially disadvantaged.

Candidate Oh stated, "By advancing the core hubs in each region and ensuring stable fund management, I will make Seoul a globally recognized city of future convergence and innovation."

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