The first vice minister of the Ministry of Strategy and Finance Lee Won Won said on the 7th, “In order to keep pace with the improvement of exports and the recovery of domestic demand, the improvement of employment conditions must be supported.”
“It is encouraging that the employment index has turned positive in March, but there is still a lot of work to be done until the employment recovery tax is solidified,” said Vice Minister Lee at the inspection meeting for the innovation growth strategy, policy, and Korean version held at the government office on the same day.
Exports in April continued to increase for six consecutive months, recording the highest growth rate (41.1%) in 10 years since January 2011. The export scale was also $50.2 billion, surpassing $50 billion for the second consecutive month, recording the best performance in April. By item, exports of all 15 major items increased, including not only major industries such as semiconductors and automobiles, but also new industries such as biohealth and rechargeable batteries.
The increase in the number of employed in March turned to a positive after 13 months to 314,000 compared to the same month of the previous year. However, it has not been on track yet. Vice Minister Lee said, “Employment is slow to recover compared to other sectors due to the economic slowdown, but as it is an indicator that has the greatest impact on people’s livelihood, we will do our best to stabilize the job market and create jobs to accelerate the recent improvement trend.” .
The government announced that it supported the hiring of 33,000 young people as of the 4th as a youth digital job project, and supported the employment stability of 244,000 people with the employment maintenance subsidy. The 4th emergency employment stabilization fund was provided to 671,000 vulnerable people, such as special high school and freelancers, and the taxi driver subsidy (third) was paid to 44,000 people. The fund for visiting and caring workers (2nd round) is scheduled to start paying on the 17th after a prompt review. In addition, it plans to expand the employment safety net by establishing the national employment support system and introducing a special high-level employment insurance in July.
“It is fundamentally important to create high-quality jobs in the private sector,” said Vice Minister Lee. “To this end, we will continue to expand the foundation for corporate job creation, such as regulatory reform, fostering new industries, and large-scale investment projects.”
Sejong = Reporter Woo Sang-kyu [email protected]
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