South Korea's youth unemployment rate jumped one-point-four percentage point on-year in June, indicating more government efforts are required to remedy the issue.<br />Some experts suggest the South Korean government take a leaf out of other countries' books... if they genuinely want to tackle to problem.<br />Our Seo Eunkyung has the details. Many countries around the world have adopted an array of policies to foster youth employment,... seen as a major pillar of growth that sustains a nation's economy.<br /><br />Germany's dual vocational and educational training programs... focus on aligning classroom instructions with real labor market demand.<br />The system puts young students through two-to-four year apprenticeships,... split evenly between classroom instructions at a vocational school... and job training at a participating company.<br />Students can learn about 350 different occupations ranging from automotive engineering to finance,... and receive salaries as soon as they start training.<br />Employers on the other hand, can save recruitment costs... as they can hire graduates of the program who are already familiar with the company's workflow.<br />The program is so popular,... that about 60 percent of high school graduates in Germany apply for the program each year.<br /><br />Australia's Youth Jobs PaTH program is meant to create 30-thousand internships a year between 2017 to 2020, for job seekers between 17 and 24 years old.<br />Government subsidies cover the interns' salaries, as well as insurance and other benefits.<br />Employers also receive one thousand US dollars for each intern they take on, and become eligible to receive up to ten thousand dollars when they are hired as full-time workers.<br /><br />As for Japan, the nation has put an array of measures under a policy called the revitalization strategy.<br />The scheme encourages young entrepreneurs by providing easy access to financing... through crowd-funding, low-interest loans and working capital.<br />In addition, it assigns personal assistants to help job-seekers find employment... and provide them with necessary information, job referrals and counseling.<br /><br />Korea could take note of these case studies from abroad,... in hopes of devising effective job creation policies to alleviate its chronic youth unemployment issue.<br /><br />Seo Eunkyung, Arirang News.<br />
