South Korean President Announces Massive Government Hiring Spree
It looks like there will soon be a lot of job openings in the government sector of South Korea:
The government has pledged to create 810,000 jobs in the public sector as a means to help young people struggling in the tight job market.
The Presidential Committee on Job Creation unveiled the plan as part of a five-year road map Wednesday.
President Moon Jae-in, who presided over the meeting, said the nation’s top 30 business groups will increase hiring by 5.6 percent this year.
On top of creating more jobs on the public sector, Moon called for private companies to join the campaign to hire more employees. “Hyundai Motor converted 7,000 subcontractors into regular workers. KT, Hanwha, POSCO and Doosan Group will also join the campaign to create more jobs,” he said.
Moon said the government will support innovative companies that actively hire more young people.
Under the plan, the government will create 340,000 jobs in the social services sector. It will start by adding 170,000 jobs in child care and nursing this year, for which there is a high demand.
An additional 170,000 positions will be created in the culture, sports and environment sectors.
The government will add 100,000 more police officers, 74,000 position in firefighting, social welfare and livestock disease control, and 174,000 in local-level civil servants. [Korea Times]
You can read the rest at the link, but the ROK government has no funding plan for this hiring spree which means it will likely just be deficit spending.
Unless they move a lot of those jobs south of Pyeontaek, they won’t really help anything. Seoul is a great place to be a tourist; but the traffic makes it a lousy place to work.
Maybe the government should hire laborors and start digging into the mountains asap!
Ah yes. Nothing helps the long-term economy like “creating” a bunch of nonproductive public service makework jobs.
Giraffe catcher, iceberg lookout, telegraph education specialist… that should help Korea…
…and make 800 thousand new voters helping to insure the public tit never goes dry.
How about this idea: Cut out all the old time regulations that were designed to protect connected companies… and cut out all the new regulations that are designed to protect connected companies… and watch the Market create new jobs when there is a sudden boom in everything from construction to manufacturing.
Sure… increased competition will lower prices… and profits for the owner class… but it will move some people into the owner class, boost the middle class, and get the unemployed class to work.
Liberals are all about “helping the people” until it comes time to actually help the people.