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.


Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation
European Stocks Rise as Markets Await Key U.S. Inflation Data
Visa to Move European Headquarters to London’s Canary Wharf
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp
IMF Deputy Dan Katz Visits China as Key Economic Review Nears
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai
Michael Dell Pledges $6.25 Billion to Boost Children’s Investment Accounts Under Trump Initiative
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 



