Speaking at the 2026 Korea Shared Growth Job Fair, Ryu said the country’s 10 largest business groups plan to hire a total of 52,000 people this year, up 2,500 from last year. He said about two-thirds of those hires will be entry-level young workers.
In congratulatory remarks, Ryu said it is time for the government and companies to act as “one team” to craft solutions for youth employment. “The global job market is being shaken by the AI revolution and industrial restructuring,” he said, adding that new hiring has already fallen sharply in some fields.
He said conditions at home are also difficult. “Recent employment indicators show total employment increased, but youth employment fell by about 140,000,” he said, adding that young people’s perceived job conditions remain worsening.
Ryu called the joint response by the government and the business community an appropriate step. He said the job fair is the largest ever, with seven business groups, seven government agencies, 15 conglomerate groups and 700 companies taking part, calling it a venue that offers young people practical opportunities.
He also pointed to shifting corporate views, saying a survey of the top 500 companies found more than 70% said hiring should be expanded regardless of economic conditions.
“The business community will work with the government to build a foundation where young people can pursue their dreams,” Ryu said. “We will keep working to the end for a Korea where young people can smile.”
* This article has been translated by AI.
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