- Presidential Committee for Job Creation holds its first meeting and President Moon calls for job creation roadmap
The government held the first meeting of the Presidential Committee for Job Creation on 21 June at Cheong Wa Dae where the President requested to develop a policy roadmap on job creation by the end of August. The Committee’s Vice Chair, Lee Young-sup, asked related ministries to accelerate their efforts to complete such tasks as ‘100-day Plan on Job Creation’.
< Main Job Creation Tasks, by Ministry >
|
Ministry |
Main Tasks |
| MOEL | Develop measures to enhance employment impact assessment, and innovative plans on financing of job creation |
| MOSF | Redesign performance evaluation system for tax/finance/public procurement/public organizations to provide industries and companies creating many jobs |
| MOTIE | Develop measures to attract more domestic investment and encourage companies to return from overseas |
| MSIP | Develop measures to create high-tech jobs suitable for the 4th Industrial Revolution era |
* MOEL: Ministry of Employment and Labor
MOSF: Ministry of Strategy and Finance
MOTIE: Ministry of Trade, Industry and Energy
MSIP: Ministry of Science, ICT and Future Planning
- Special Advisory Committee to develop measures to fulfil job creation pledges
Special Advisory Committee to President announced its ‘Measures for Job Creation for the Youth, Women and Retirees’ on 4 July. The government plans to expand the youth employment quota of public institutions, increase childcare leave benefits for the first three months and enhance employment services for re-employment of retirees, in a bid to make good on President Moon’s employment-related election promises.
<Special Advisory Committee:
Measures Related to Employment >
|
Details |
|
|
Youth |
▴ Expand youth employment quota of public agencies (3% → 5% in 2018)
▴ SMEs to receive wage subsidies of up to KRW 20 million annually for three years for one-third of employees that SMEs hire, ▴ Youth employment promotion allowance of KRW 300,000 for three months to be provided to young job seekers ▴ Implement fairer recruitment, so-called ‘blind’ recruitment, in public institutions |
|
Women |
▴ Childcare leave benefit to be increased for the first three months (max. KRW 1 million → max. KRW 1.5 million/month)
▴ Number of leave days that male employees are allowed to take when their spouses have a child to be gradually increased (5 days → 10 days by 2021) ▴ Paternity leave benefit to be increased to KRW 2 million (currently KRW 1.5 million) |
|
Retirees |
▴ Regulate involuntary early retirement and improve managerial dismissal system
▴ Allow shorter working hours to facilitate job searches |
In order to implement these measures, supplementary budget is needed and therefore, the Environment and Labor Committee of the National Assembly held a plenary meeting on 5 July to pass an extra budget bill (of KRW 447.5 billion) submitted by the Ministry of Employment and Labor.