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Implications of the performance evaluation of the job creation project

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Frame of Image Yun, Fellow at KDI
“ I n d u st r i a l restructuring and the advent of a 4th industrial revolution are posing challenges that cannot be resolved by conventional methods. However, despite the increasing significance of Korea’s Job Creation Project, which aims to foster adaptability and improve labor force mobility, practices remain outdated. Indeed, the project requires extensive reform to properly manage external challenges and to protect the individual not corporations, while stimulating the metabolic process within the economy.”
With 196 programs in operation under 25 ministries and a budget of 15.8 trillion won, the government-financed job creation project underwent an in-depth performance evaluation in the first half of this year in preparation for an all-out reform. The project aims to provide support to those searching for and maintaining employment as well as helping them foster the necessary skills. The fact that a comprehensive evaluation is being implemented at this point in time implies that the project is serving an increasingly important function; a function that has continued to evolve in line with Korea’s economic development and environment. The current economic landscape can be characterized by the advent of a fourth industrial
* This paper is written based on Korea Development Institute, “In-depth Performance Evaluation for Full-scale Reform of Job Creation Project,” 2016 (forthcoming) (in Korean).
KDI FOCUS
2
revolution and industrial restructuring. Under


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Title Implications of the performance evaluation of the job creation project
Similar Titles
Material Type Articles
Author(English)

Yun, Heesuk

Publisher

Sejong, South Korea:Korea Development Institute

Date 2016-09
Journal Title; Vol./Issue KDI Focus:no. 73
Pages 10
Subject Country South Korea(Asia and Pacific)
Language English
File Type Documents
Original Format pdf
Subject Social Development < Employment
Holding Korea Development Institute

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