This paper aims to overview the current state of the government-funded job creation programs and then to discuss the programs’ future direction for an effective improvement in the employment rate based on international comparison and empirical analysis.
The government’s budget for the job creation programs has steadily increased in recent years to reach KRW 11.8 trillion (based on the budget plan) in 2014.
By sub-program related to the active labor market policy, Korea’s budget spending was overwhelmingly concentrated on direct job creation (67.3 percent in 2010) while the spending was relatively minuscule on vocational/education training (17.2 percent) and employment services (2.7 percent).
In contrast, OECD countries spent a greater amount on vocational/education training and employment services (28.5 percent on average in 2010) than on direct job creation (12.5 percent on average). (The rest omitted)
Future direction of job creation programs in Korea
[Sejong]:Korea Development Institute
|Series Title; No||KDI Policy Forum / vol. 261|
|Subject Country||South Korea(Asia and Pacific)|
|Subject||Social Development < Employment|
|Holding||KDI; KDI School|