"Support for Jobs for Elderly and Vulnerable Groups, Early Execution in Q1 Next Year"

The government will focus on the early execution of direct job support for the elderly and vulnerable groups in the first quarter of next year.

On the 14th, the Ministry of Economy and Finance and the Ministry of Employment and Labor held the 12th meeting of the joint government task force (TF) on job creation at the Government Seoul Office to review plans for the early execution of direct job support next year. In response to the increasing elderly population next year, the government plans to expand the number of jobs for the elderly and increase the proportion of relatively high-quality jobs such as social service-type and private sector jobs.

To stabilize jobs and income for the elderly and vulnerable groups, 90% of the planned direct job support personnel for next year will be executed in the first quarter, and more than 97% will be executed early by the first half of the year. According to the government budget proposal, the annual scale of direct job support next year is 1,177,000 people. The Ministry of Economy and Finance reported that all participants in the meeting, including the Bank of Korea, Korea Development Institute (KDI), and Korea Labor Institute, forecast favorable employment conditions next year.