Korea’s young people are highly educated, but many struggle
to find a job matching their skill level. Thus, the government has enacted
policies to reduce the mismatch; for example, by increasing funds for career
guidance in schools and introducing vocational education and apprenticeships.
In a new book, “Investing in Youth: Korea,” the OECD further
recommends that Korea strengthen the links between apprenticeships and
employers (industrial or other), enhance dynamism across business sectors,
support small and medium-sized enterprises in competency-based hiring, improve
the social safety net for job seekers, and facilitate access to affordable
housing via rental-market regulation and financial allowances.
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