The recent report on youth employment rates in special and metropolitan cities reveals a concerning trend: a decline in job opportunities for young people. As of July 2023, the employment rate for youth aged 15 to 29 has dropped to 58.8%, a slight decrease from previous years. This decline raises questions about the effectiveness of current employment policies and the overall economic landscape for younger generations. The report highlights that while there are improvements in certain sectors, the overall youth employment situation remains precarious.

Incheon City is taking a significant step to support young job seekers by launching the ‘Youth Advancement Support Project,’ aimed at helping those aged 18 to 39 who have been unemployed or out of education for over six months. This initiative will select 264 participants, providing them with tailored programs that include in-depth counseling, career exploration, and skills enhancement. Participants will not only receive personalized guidance but also financial support of up to 3.

Cheongju, South Korea, is setting a remarkable example in job creation and economic growth through its innovative strategies that integrate investment attraction, employment, and entrepreneurship. With a staggering investment of over 53 trillion KRW, the city has not only surpassed its initial targets but has also created over 12,000 new jobs, showcasing a robust model for sustainable urban development. The citys commitment to fostering advanced industries such as semiconductors, biotechnology, and electric batteries has positioned it as a hub for future growth.