Stage of development: Complete
Policy sector: Employment and training
Date outcomes contract signed: Aug 2019
Start date of service provision: Nov 2020
Capital raised (minimum): KRW 2.90b (USD 2.03m)
Max potential outcome payment: KRW 3.62b
When the issue of youth unemployment is neglected, it can lead to income reduction and a decline in work capabilities, negatively affecting individuals' lives. This also results in long-term social costs, such as decreased productivity and lower living standards. In particular, vulnerable groups facing long-term unemployment and poverty experience greater challenges in securing employment compared to the general youth population due to their disadvantaged circumstances.
Young individuals aged 19 to 34 without employment.
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