Monday, April 9, 2018

South Korean government zones in on youth joblessness

To combat the high rate of youth joblessness, the South Korean government has announced plans to pump an additional S$5.1 billion into the economy. Of that amount, S$3.6 billion will come in the form of wage subsidies for small and medium businesses.

Specifically, job applicants aged 15 to 34 will each receive a wage aid of S$22,000 over three years, while existing staff S$14,000 over five years. Read More