South Korea’s Science Ministry Announces Six-Month Blockchain Youth Training Initiative

The Korean government is taking aim at youth unemployment in emerging industries, launching a dedicated blockchain-focused education program.

The South Korean government is set to launch a program dedicated to fostering young talent in emerging areas including blockchain on August 10, a press release confirmed today, August 9.

The 2018 Innovative Growing Youth Talent Concentration Project is the second installment of the initiative following a successful inaugural round, which ran June 11 through July 10.

It is hosted by the Korean Ministry of Science and ICT and the Institute for Information and Communications Technology Promotion.

Participants will receive a six-month training course covering applications of blockchain and other technologies in various sectors, with instruction beginning mid-September.

The ultimate goal, the release explains, is to decrease youth unemployment and match talented individuals with the right line of work.

“Although the youth unemployment issue is emerging as a social problem, the problem of job mismatch is serious,” Young-Kyung Won, a software policy officer at the Ministry of Commerce, Industry and Energy commented:

“Innovative growth through the fostering of young talent, we will foster talents that match the company's level of vision, offer new opportunities for young people who are looking for jobs, and actively support young people to create jobs.”

South Korea has continually sought to advance its blockchain integration in line with multiple major economies this year. The latest state-level plans emerged last week when the country’s finance watchdog called for a blockchain implementation for stock trading.

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