S. Korean gov't to invest US$ 23.5 bil. to create jobs
- 6 years ago
'GDP 1.5%' 규모 산업부 예산, 일자리 사업에 투입
Korea's Ministry of Trade, Industry and Energy... and affiliated institutions... plan to spend more than 23-and-a-half billion U.S. dollars to help create jobs.
It's a massive amount, equivalent to nearly one-and-a-half percent of the country's GDP, reflecting the government's resolve to help fix the nation's employment crisis.
The ministry itself is planning to apportion half of its own budget of 6-point-2 billion dollars to job creation -- up from just 11 percent, currently.
It also plans to provide incentives for companies with excellent track records in job creation.
That's expected to create 35-thousand jobs over the next five years.
The rest of the huge sum is from other related institutions.
Their five-year plan is aimed at adding some 90-thousand jobs, mostly in the energy sector and the public sector.
Korea's Ministry of Trade, Industry and Energy... and affiliated institutions... plan to spend more than 23-and-a-half billion U.S. dollars to help create jobs.
It's a massive amount, equivalent to nearly one-and-a-half percent of the country's GDP, reflecting the government's resolve to help fix the nation's employment crisis.
The ministry itself is planning to apportion half of its own budget of 6-point-2 billion dollars to job creation -- up from just 11 percent, currently.
It also plans to provide incentives for companies with excellent track records in job creation.
That's expected to create 35-thousand jobs over the next five years.
The rest of the huge sum is from other related institutions.
Their five-year plan is aimed at adding some 90-thousand jobs, mostly in the energy sector and the public sector.