Kakao made a promise to create new jobs in the next five years and offer 20,000 roles for the citizens. The South Korean Internet company made the pledge as part of the local government's support project for the youngsters' job and education.
According to Yonhap News Agency, it was the country's Prime Minister's Office that shared about Kakao's commitment on Wednesday, Feb. 8. Kakao will be directly hiring 10,000 youths throughout the year from 2023 to 2028. It will be sponsoring around 6,000 professional IT technicians and train them through the company's AI Campus.
As part of its pledge, Kakao will also run support programs for its partners and startups then hire 4,000 individuals from there. It was mentioned that the company's plan to hire thousands of workers in the coming years was disclosed during the official announcement of Kakao and the Prime Minister Office's partnership to support the latter's youth program called the "Youth Hope ON."
The event took place at Kakao's office located in Pangyo, Seongnam in the southern part of Seoul. This was a special affair that was personally attended by South Korea's Prime Minister Kim Boo Kyum and the internet company's chairman Kim Beom Su.
Kakao's AI Campus is currently under construction and it is expected to be completed and opened in 2024. This is an employee training facility that is hoping to produce 6,000 youths specializing in digital technologies in three years.
In any case, aside from Kakao, six other major companies have signed up for the country's PM's Youth Hope ON project and these are Samsung, POSCO, LG, Hyundai Motor, and KT Telecom. Collectively, these conglomerates pledged to create a total of 179,000 new jobs for the skilled and talented youths.
LG was the third company to make a pledge for the program. In October last year, the consumer electronics firm said it will offer 39,000 jobs in support of the government's campaign in providing better employment and education to the youngsters.
Pulse News reported at that time that LG Group will hire 10,000 workers each year in over three years. The jobs for the remaining 9,000 will be indirectly created through the company's related businesses.


Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants
Yen Stabilizes After Intervention Slide as Australian Dollar Hits Eight-Week High
European Stocks Flat as Oil Prices Rise, US CPI in Focus
Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy
Oil Prices Rise as Hormuz Reopening Remains Uncertain
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch
Oil Prices Rise as US-Iran Talks Stall, Inflation Risks Grow
UK Retail Sales Rise as World Cup and Heatwave Boost Food, Pubs and Clothing
Delta Flight Makes Emergency Landing in Atlanta After Cockpit Fumes Reported
Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback
China Inflation Cools in July as CPI Misses Forecast, PPI Deflation Eases
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins
South Korean Won Leads Asian FX Losses as Dollar Rises 



