Lee Ki-kwon, minister of Employment and Labor, announced the ministry's intent to find solutions for a manpower shortage of small and medium-sized companies by connecting the current foreign manpower policies with employment problems of adults at a meeting with CEOs of small and medium sized companies held at the Korea Federation of Small and Medium-sized Businesses located in Yeouido, Seoul on Sept. 17.
Minister Lee made this announcement as most of the attending associates of small companies confessed that they are suffering from distribution and the adjustment of foreign human resources and requested to amend the relevant bills.
Minister Lee expressed his determination to reform the foreign manpower policies with the ten years’ anniversary and solve not only the manpower shortage of small companies but also unemployment of adults, which is becoming a major social problem.
He explained, “Philosophies of companies and the government regarding foreign human resources are somewhat different. When adults are hired in small companies, [government] subsidies will be provided to compensate for wage differentials with foreign employees. In this way, problems of manpower shortage and unemployment can be solved together.”