Job seekers participate in a recruitment event held in Seoul, Tuesday. Yonhap
Korea plans to roll out tailored job support measures for different sectors, including manufacturing, construction and agriculture, amid the fallout from the Middle East crisis, the finance ministry said Wednesday.
The Ministry of Finance and Economy held discussions with the labor ministry as the country lost 40,000 jobs in May from a year earlier, marking the first decline in 17 months, as the impact of the prolonged Middle East war weighed on the economy.
"Recently, a peace agreement was reached regarding the Middle East war, but uncertainties have not yet been fully alleviated, and challenges in livelihoods and the job market persist," the finance ministry said.
During the meeting, participants discussed ways to overcome three major challenges in the job market, namely demographic changes, the growing preference for experienced hires and the Middle East crisis, vowing to devise measures to revitalize youth employment.
