The government’s job creation committee, under the direct supervision of President Moon Jae-in, announced a comprehensive five-year road map on job policies on Wednesday.
The blueprint calls for the creation of 810-thousand jobs in the public sector and an increase in the number of jobs in the private sector. The government said that it would spend 17 trillion won to carry out the initiative.
The road map is an action plan for the next five years serving as a compass for the Moon government's jobs policy direction. It consists of 100 policy tasks in ten key areas of five fields.
The five fields are employment infrastructure, public and private sector job creation, improvement of job quality and support for customized jobs.
In the infrastructure field, establishing a state governance system centered on employment and strengthening a jobs safety network will be the main tasks.
For private sector job creation, efforts will be made to encourage innovative startups, sharpen industrial competitiveness, and foster new growth sectors.
Also to improve the quality of jobs, work conditions will be enhanced while discriminatory practices and abuse of irregular positions will be prevented. Meanwhile, support for customized jobs will focus on youths and women in particular.
Along with the roadmap, the Presidential Committee on Job Creation also announced measures to facilitate what's called the social economy. The term refers to all private sector economic activity that generates social value which is shared among citizens.
To this aim, the government will increase support for social enterprises and cooperatives so they can hire more regular workers with lower turnover rates.
President Moon has mentioned the social economy and innovative startups as the two keywords in the government's job policy initiative.
The road map is viewed as a paradigm shift in the focus of economic growth moving away from conglomerates and exports and now embracing smaller firms, innovative ideas and jobs.
However, some businesses point out that some of the controversial plans such as a higher minimum wage and shorter working hours should be reconsidered in realistic terms.
Some critics also say private sector job creation measures are relatively weak compared to the ambitious plan to add over 800-thousand jobs in the public sector.