South Korea draws up $10 billion extra budget to create jobs
SEOUL, South Korea — South Korea’s government said Monday it has drawn up an 11.2 trillion won ($10 billion) extra budget to create jobs as the new administration took its first steps to deliver campaign pledges.
The Finance Ministry said about half of the stimulus package will be allocated to add 71,000 jobs in the public sector, including teachers, police, firefighters and social workers.
The ministry said the budget will also support the unemployed, women and the elderly. Pay during parental leave, elderly jobs and pays for the elderly will go up. The government also plans to give subsidies to small- and medium-sized firms that create stable full-time jobs, rather than contract jobs, to boost quality jobs in the private sector.