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Minister stressed the importance of proactive response to changes in the world of work, driven by the 4IR and COVID-19

 

Minister Lee Jae-kap, stressed the importance of proactive response to changes in the world of work, driven by the 4IR and COVID-19

-introduced ‘Korean New Deal Initiative’

at the ASEAN+3 Labor Ministers Meeting-

 

 

- Oct. 29(Thur). 2020 -

 

 

   □   Lee Jae-kap, Minister of Employment and Labor, attended the 11th ASEAN+3 Labor Ministers Meeting, held virtually on October 28th (Wed) at 3 pm.

       *    Participants: Labor Ministers of 10 ASEAN member states and Korea, China, and Japan, Secretary General of the ASEAN secretariat, etc.

     ㅇ   Following the 10th ASEAN+3 Labor Ministers Meeting, held in November 2018 in Malaysia, the 11th ASEAN+3 Labor Ministers Meeting, scheduled to be held in Indonesia was held virtually.

        *   Since 2002, ASEAN+3 Labor Ministers Meeting has been held biennially.

     ㅇ   At this meeting, ministers discussed social protection for workers and policy measures to enhance competitiveness in order to respond to changes in the world of work, triggered by the Fourth Industrial Revolution and the spread of COVID-19 pandemic.

 

    □   Minister Lee emphasized that ASEAN is an invaluable partner of Korea and stated that it is a high time for ASEAN member states to engage in policy coordination and international cooperation to proactively respond to changes in the world of work caused by the Fourth Industrial Revolution and the spread of COVID-19 pandemic.

   □  Minister Lee shared employment and labor policies to minimize labor market shocks, brought about by the Fourth Industrial Revolution and COVID-19 and introduced ‘Korean New Deal Initiative,’ aiming to proactively respond to changes in the world of work in the post-pandemic era.

       ㅇ  First of all, Minister Lee explained our policies to overcome employment crisis after the spread of COVID-19 in two ways.

         ❶ Significantly increased Employment Retention Subsidies for companies to maintain jobs and protected the unemployed by considerably expanding the budget for unemployment benefits.

          * (Employment Retention Subsidies) 21,000 people35.1 billion won1.6 million people2.7 trillion won, (Unemployment Benefits) 1.37 million people9.5 trillion won1.88 million people13.1 trillion won

        ❷  Implemented income support programs such as Emergency Employment Stability Subsidy for the vulnerable, those who are not covered by employment insurance.

          * (Emergency Employment Stability Subsidy) 2.6 trillion won, 2.2 million people

     □ Additionally, Minister Lee explained the ‘Korean New Deal Initative,’ aiming to proactively respond to changes in the world of work accelerated by the Fourth Industrial Revolution and the spread of COVID-19.

      ㅇ He announced the plan to expand support for the digital and new technology sector by nurturing ‘future-oriented key individuals’ through making people-centered investments, and providing people with digital-based training programs tailored to the life cycle.

      ㅇ Furthermore, to ensure that all workers are guaranteed with the minimum social protection, he stated that the government is planning to gradually expand the coverage of employment insurance and has completed legislation for Korean unemployment assistance programs to be implemented next year.

       □  At the meeting, ASEAN+3 member states emphasized the significance of policies to strengthen the competitiveness and agility of ASEAN workers in the Fourth Industrial Revolution era and COVID-19 crisis.

        ㅇ Ministers adopted Joint Statement of ASEAN+3 Labor Ministers Meeting, urging for closer cooperation among ASEAN+3 countries in the labor sector.

 

Last Modifide Date   :   Mon November 30, 2020
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