innovative-training-model-for-regional-labor-markets

Abstract

Climate-friendly investments are better job creators [1]. The South Korean government implemented the “Specialized Training for Industrial Structural Changes Response (referred to as Specialized Training ‘ as appropriate)” program in 2022 to address the nationwide crisis posed by shifts in industries due to digitalization and carbon neutrality. This transition is not only transforming previously advantageous sectors into risks but also increasing the need for support among employed and unemployed individuals in regional industrial labor markets. In response, the government allocated a total budget of 766 billion won in 2023 to provide reskilling and upskilling opportunities for 20,000 trainees through on-site training and support such as training fees and incentives [2]. Regional Skills Councils played a key role in terms of selecting training occupations, skills training, and evaluating the providers in the local markets. In this manuscript, a specific case study is elaborated to introduce innovative training model for regional labor markets.