HomeNewsWorldSouth Korea forecasts a shortage of 900.000 workers in the next 8 years

South Korea forecasts a shortage of 900.000 workers in the next 8 years


On March 15, the Ministry of Employment and Labor (MOEL) and the Korean Ministry of Economy and Finance (MOEF) held the 3th Employment Task Force (TF) meeting between relevant ministries and discussed. on major policy tasks based on this analysis. At the meeting, the scale of labor shortage due to changing demographic structure was presented in detail.

In its report on Medium and Long-Term Manpower Supply and Demand Outlook (2022-2032), the Korea Employment Information Service (KEIS) said that by 2032, Korea needs to add up to 894.000 human resources to the market. labor market to prevent a slowdown in economic growth due to a shrinking labor force.

The report emphasizes that South Korea's deepening demographic difficulties stem from rapid aging and a sharp decline in birth rates, which will have a direct impact on the labor market.

MOEL Deputy Minister Lee Sung-hee said: “As the process of industrial structural transformation progresses, the industries where the number of people employed is increasing and the industries where the number of people employed is decreasing will become clear. clearer".

KEIS analyzes that as demand for physical care increases and digital transformation accelerates, the number of people employed will increase in service industries, including health and welfare, information and communications communications as well as specialized science and technology sectors.

However, the automobile manufacturing, metalworking and textile industries, which are transitioning to environmentally friendly vehicles, including electric vehicles, were selected as those that will see employment decline. reduced.

Mr. Lee Sung-hee said that to cope with the decreasing working-age population, the Korean Government will develop policies to promote employment for youth, women, middle-aged people and adults. seniors: “We will expand flexible work programs and increase child care support as well as enhance job transition support. In the short term, we will endeavor to place workers with the right skills into appropriate positions.”

Deputy Minister Lee Sung-hee pledged to support the issuance of work permits for foreign workers and assist them in settling in this country.
The working-age population in South Korea has begun to decline after peaking in 2019. The government is trying to find a solution to the problem of human resource shortage.

Minh Hoa (t/h according to VTV, VNA)





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