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  • Employment Budget Proposed for 2020 Reaches 25.8 Trillion Won, an Increase of 4.5 Trillion Won Compared to Last Year
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  • Sep.2, 2019(Mon.)

     

    Employment Budget Proposed for 2020 Reaches 25.8 Trillion Won, an Increase of 4.5 Trillion Won Compared to Last Year

     

    -   Strengthening active labor market policies including employment services and vocational training

      -  Expansion of a strong and reliable employment safety net and more jobs  

         for employment vulnerable groups

     

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    The employment budget proposed for 2020 reaches 25.8 trillion won, an increase of 4.5 trillion won compared to 21.2 trillion won of 2019 (24 offices)

      Effective response to the increased uncertainty in employment including global economic downturn

      Strengthening of active labor market policies focused on vocational training and employment services for revitalizing private job markets

      Enhancing employment safety net for employment benefits recipients and expanding job services for the vulnerable

    Pursuing efficiency and increasing effectiveness through job creation projects reforms

      Abolition of low performance or redundant projects (4) and integration of similar or redundant projects (4 2)

      Budget reduction for low performance projects (Class D from performance evaluation)

      Concurrent system reforms including the Youth Employment Program to ensure workers, job seekers and employers in a dire need of financial support receive the aid they need

    Reinforcing management of job creation projects focusing on outcomes

      In order to boost direct jobs efficiency, a sunset provision has been implemented for low performance projects. New projects are now categorized as Temporary Projects and the continuation of them depends on their performance.

      Key performance indicators and minimum performance standards are to be set and if the goals are not met then projects will need to go through abolition or intensive redesign measures.

     

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