Gov't Warns Escalating Middle East Tensions Could Weigh on Employment, Pledges Focus on 3 Major Job Policies

The government has stated that escalating tensions in the Middle East could act as a downward pressure on future employment, announcing plans to intensively pursue three core social policies in the job sector.

The announcement came after First Vice Minister of Economy and Finance Kwon Dae-young and Vice Minister of Employment and Labor Kwon Chang-jun held a joint inter-agency job task force (TF) meeting at the Government Complex-Seoul today (October 16) to discuss and review last month's employment trends and tasks in the job sector for implementing the three core social policies.

Following the National Data Office's announcement earlier in the day that the number of employed people increased by 113,000 last month compared to a year earlier, the government plans to continuously monitor job conditions across sluggish sectors and devise multi-faceted responses, including boosting industrial vitality, fostering human resources, expanding jobs and start-ups, improving working conditions, and strengthening the employment base.

First Vice Minister Kwon Dae-young stated, "To ensure that the achievements of economic growth translate into tangible results in the lives of the public, we will mobilize the capabilities of all related ministries to promptly prepare plans for the 'National Job Project'—which includes private and public jobs as well as sufficient training opportunities—while actively discovering new policies alongside expanding existing measures."

Vice Minister of Employment and Labor Kwon Chang-jun said, "We will actively push forward with the National Job Project in cooperation with relevant ministries to expand job opportunities for the public and ensure that the warmth of employment is felt together."
 
(Photo: Provided by the Ministry of Economy and Finance, Provided by the Ministry of Employment and Labor, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.