The World Korean Business Convention is emerging as a tool to solve the rather high unemployment rate among the younger generation in South Korea. From Oct. 25, South Gyeongsang Province in South Korea will host the 16th annual event at the Changwon Convention Center, including the intern selection program under the slogan, “Go, Together” to help stave off unemployment rate in the country.
About 100 hopeful jobseekers are expected to find positions to fill at this year’s event, according to the organizers.
The Organisation for Economic Co-operation and Development (OECD) revealed that the unemployment rate among South Koreans aged between 15 and 24 as of April was 11.2 percent—2.5 percent higher than the figure released in December. That has led the current administration in South Korea has earmarked increasing jobs and talent development as two of its main goals.
The intern selection program is a pilot project under the World Korean Business Convention. It has created 200 jobs at 125 companies across 30 countries around the world. Through this year’s event, it hopes to provide 100 more jobs. The 28 jobseekers who found internships at the 2015 and 2016 events have already been hired on a full-time basis.
The program will be available on the last day of the convention on Oct. 27. This year’s program will be presented as an event unlike years in the past.
The intern selection process will be divided into three stages. After 200 jobseekers submit their applications, a selected group will go through interviews, lectures, talk concert and consultation. After that, the second stage will introduce Flex Fit chairman Byung-tae Cho and KOLAO chairman Sae-young Oh.
The final stage will allow the selected individuals to receive advice and counseling from the businesspeople at the convention.
By Moonho Kim