Gov’t mulls extra budget for youth job creation

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Gov’t mulls extra budget for youth job creation

Korea’s chief economic policymaker reiterated Friday that the government will mobilize all policy tools to create jobs for young people, sparking speculation that the government may announce a supplementary budget.

“In order to create jobs for the young, the government is working on measures,” Finance Minister Kim Dong-yeon said in a meeting with reporters. “We do not rule out the formation of an extra budget.”

On Thursday, the minister said a set of measures for youth job creation will be unveiled next month.

In January, President Moon Jae-in called for all-out efforts to create quality jobs for young people, calling the country’s high youth jobless rate a national disaster.

Creating jobs, especially for the young, was one of Moon’s key election pledges.

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