40 public agencies and state-run enterprises under the Ministry of Trade, Industry, and Energy will hire a total of 10,000 young employees for two years from next year after introducing the wage peak scheme by October this year.
The industry ministry held on August 13 a workshop on public sector reforms presided over Minister Yoon Sang-jick with heads of 40 organizations under ministerial constrol.
In addition to nine public organizations that have already pledged to adopt the wage peak system such as Korea East-West Power, Korea Power Exchange, Korea Trade-Investment Promotion Agency, and Korea Evaluation Institute of Industrial Technology, other 31 entities will introduce the same scheme by the end of October this year.
According to the ministry's reckoning, a total of 2,400 new positions will be created once the organizations begin implementing the scheme from next year. If the number of jobs to be vacated due to natural attrition is included, the total number of jobs expected to be available for the next two years will be 5,000.
If five power generation firms like Korea Southern Power switch to multiple shifts while increasing the number of jobs for their overseas power plants, the total new job number would reach 10,000. For example, Korea Electric Power Corp. plans to hire 3,380 more workers in 2016 and 2017. The new hiring numbers for the next two years for Korea Hydro & Nuclear Power, Korea Plant Service & Engineering, Korea Gas Corp., Gangwon Land, Korea Electrical Safety Corp., and Korea Trade-Investment Promotion Agency are 2,000, 630, 480, 430, 290, and 120, respectively.