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Record Budget of 31.3 tln Won Earmarked for 2022 Employment Programs

Record Budget of 31.3 tln Won Earmarked for 2022 Employment Programs

SEOUL, Aug. 31 (Korea Bizwire) — The government has earmarked a record budget of 31.3 trillion won (US$26.8 billion) in next year’s state budget to create new public sector jobs and offer subsidies for private companies hiring underprivileged youths, according to officials Tuesday. The envisioned budget for job creation represents a 4 percent increase from [...]

Number of Discouraged Workers Hits Fresh Monthly High in June

Number of Discouraged Workers Hits Fresh Monthly High in June

SEJONG, July 19 (Korea Bizwire) — The number of discouraged workers in South Korea hit a new monthly high in June amid the prolonged coronavirus pandemic, government data showed Monday. Asia’s fourth-largest economy had 583,000 discouraged workers, up 46,000 from a year earlier, according to the data from Statistics Korea. It was the largest tally [...]