South Korea Pledges Youth Jobs Plan as Middle East Conflict Still Lifts Prices
Updated
Updated · asiae.co.kr · Jun 18
South Korea Pledges Youth Jobs Plan as Middle East Conflict Still Lifts Prices
2 articles · Updated · asiae.co.kr · Jun 18
Summary
Koo Yoon-chul said South Korea will roll out sector-specific measures, including a tentatively named Youth Employment Recovery Plan, to cushion households from the Middle East conflict’s lingering economic hit.
Oil prices have eased after a ceasefire memorandum, but Koo said the fallout still shows up in slower hiring, higher prices, and swings in exchange rates and interest rates.
Manufacturing, construction, agriculture and forestry, along with young people, were identified as pressure points; the government also plans faster execution of its Youth New Deal and AI-focused job training.
The emergency economic meeting also reviewed support for small businesses and SMEs, service-sector reforms, marina demand measures and a sustainable guarantee support system as part of a broader competitiveness push.