From Open Recruitment to High School Graduates, Experienced, and Local Talent... Financial Public Enterprises Accelerate Hiring Efforts

[Asia Economy Reporter Song Seung-seop] Domestic financial public enterprises are actively recruiting talent in the second half of the year. They are not only expanding public recruitment but also leading efforts to hire high school graduates, experienced workers, and regional talents to broaden employment opportunities and select professionals with expertise.

According to the industry on the 25th, Korea Asset Management Corporation (KAMCO) will publicly recruit experienced employees in the second half of 2021. This is to strengthen mid- to long-term business potential and create innovative outcomes by securing professional capabilities.

The recruitment scale is a total of 11 people in 5 fields: accountants (5), appraisers (1), lawyers (3), database administrators (DBA, 1), and electrical engineers (1). All will be hired as regular employees. Applicants must hold relevant certifications and have work experience in the respective fields.

KAMCO plans to implement recruitment based on the National Competency Standards (NCS) again this time, following the ‘open, fair, and socially equitable’ recruitment system emphasized since 2014. The process includes document screening, first interview, and second interview.

The document screening evaluates suitability and appropriateness for each job field based on the application form. The first interview is a presentation (PT) interview assessing experience and qualifications, and the second interview is an in-depth interview comprehensively evaluating the competencies required for job performance.

KDB Industrial Bank accepted applications for new university graduate positions until the 24th. They will select 40 people from business administration and 25 from economics, and also recruit talents in IT (13), engineering fields such as environment, chemistry, mechanical and automotive, and shipbuilding (13). The engineering field is a newly established job category by KDB this first half of the year. In the data science field, 2 master's degree holders will be hired, and in financial engineering, 2 doctoral degree holders will be selected.

The recruitment scale is also the largest ever at 91 people. KDB hired 57 people in the first half of this year. Compared to 110 hired throughout last year, the number has increased. Compared to 2019, when only 30 people were hired, it is about five times more.

After selecting 20 times the number of final successful candidates in the document screening, a written exam will be held on the 24th of next month. The written test evaluates job knowledge major, general current affairs essay, and basic work skills. However, IT and engineering job categories do not have a separate essay test. Then, the first interview includes job competency, in-depth discussion, PT, and team tasks, followed by a second interview for final selection.

At the '2021 Financial Public Enterprise Recruitment Fair' held at the joint recruitment expo for the financial sector, representatives from the Korea Financial Telecommunications & Clearings Institute, Korea Credit Guarantee Fund, Korea Exchange, and Korea Securities Depository are explaining the recruitment process.

Credit Guarantee Fund is conducting public recruitment to hire 99 new employees in the second half of the year. Shinbo also hired 93 people in the first half. With a total of 192 new employees recruited annually, it is the largest scale among financial public enterprises excluding banks this year.

This recruitment aims to expand support capabilities for small and medium-sized enterprises struggling due to COVID-19 and secure personnel to lead Shinbo’s innovative finance initiatives. In addition to 70 financial office personnel, 12 ICT and data specialists, and 5 technical evaluation personnel will be hired, totaling 17 specialists. Also, 12 people will be selected through a special high school recruitment track to strengthen competency-centered hiring.

Among the 99 recruits, 30 will be hired as ‘non-capital region talents.’ A regional talent recruitment target system is operated for talents from Daegu and Gyeongbuk regions to contribute to balanced regional development. Final successful candidates will be announced at the end of December after document screening → written test → interview stages.

A Shinbo official said, “Through two public recruitments this year, the Credit Guarantee Fund will create the largest scale of youth jobs and strengthen hiring of regional talents and high school graduates to fulfill its social responsibility as a public institution,” adding, “We will make every effort to ensure safe recruitment procedures even amid the COVID-19 situation by thoroughly preparing quarantine measures.”

Meanwhile, the so-called ‘A Match’ financial public enterprise recruitment exam was also conducted. On the 11th, the Bank of Korea, Financial Supervisory Service, Export-Import Bank, Deposit Insurance Corporation, and Korea Exchange held the exam simultaneously. The total planned recruitment number is about 600 people.