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Samsung unveils plan to create 30,000 youth jobs in two years

South Korea’s largest conglomerate, Samsung Group, said Monday it would create about 30,000 new jobs for young workers over the next two years.

For this, Samsung will make investments worth around 100 billion won ($84.5 million) to provide vocational and educational opportunities, the officials said.
Samsung Group`s headquarters in Seoul. (Yonhap)
Samsung Group`s headquarters in Seoul. (Yonhap)

Samsung’s move is in line with the government’s efforts to improve the youth job market.

“Samsung will fulfill its responsibility to society by contributing to the creation of jobs and making a virtuous cycle of employment and economic growth,” said Kwon Oh-hyun, vice chairman of Samsung Electronics, in a press release.

For those who are looking for jobs at Samsung’s partners, the conglomerate will run a “Stepping stone” job training program for around 3,000 young people for three months and internships at Samsung’s contractors for another three months.

Those who complete the program will get a chance to work at Samsung’s partner firms.

The conglomerate will pay the monthly salaries of the participants during the six months on behalf of its partners.

Samsung will also expand the annual job fair, which the conglomerate has held since 2012 to connect talented people with small- and medium-sized enterprises. More Samsung affiliates, including Samsung C&T and Hotel Shilla will join this year’s event in November.

Around 200 contractors of Samsung Electronics took part in last year’s job fair, hiring new employees in R&D, software development, management and marketing departments.

Teaming up with 29 universities and nine colleges across the nation, Korea’s largest conglomerate is also trying to nurture talents in growing business sectors, including software, hardware and semiconductors.

Samsung also supports 26 meister high schools, educational institutes focused on vocational programs.

Other programs to be run by Samsung include an internship through which 2,000 people can have hands-on experience at sales units of Samsung Electronics, and software training courses to educate those who have not majored in software engineering.

By Kim Young-won  (wone0102@heraldcorp.com)
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