Seoul: Finance Minister Choi Sang-mok on Thursday underscored the importance of policies that support companies investing in human resources, particularly those creating quality jobs for young people, according to his office.
According to Yonhap News Agency, Choi made the remarks during a luncheon meeting with executives from companies recognized for quality job creation, as South Korea grapples with a sluggish job market amid a prolonged economic downturn. "The key to overcoming domestic and global economic uncertainties lies in corporate innovation and growth," Choi said. "Investment in future talent is the most crucial factor."
Expressing appreciation to business leaders for providing ample opportunities for younger generations, Choi stressed the government's commitment to policies that help such companies achieve the best results. "We are actively pushing for regulatory reforms, fostering new industries and launching a dedicated hotline to address corporate employment challenges," he added.
In 2024, South Korea's employment growth slowed significantly, with the number of new hires declining in the manufacturing and retail sectors, particularly among young people.