Asian Markets Rally as Micron and Qualcomm AI Outlook Lifts Global Tech Stocks 
Japan Signals Preference for Low Interest Rates as BOJ Policy Debate Intensifies 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
Pelosi Discloses Major Intel and Uber Call Option Purchases Worth Up to $6 Million 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Oil Prices Drop as Middle East Supply Recovery Eases Market Concerns 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
Australia Jobs Growth Strengthens Rate Hike Outlook 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
South Korea Remains MSCI Emerging Market Despite Reform Progress 
Nissan Halts Electric Qashqai Development Amid EV Market Challenges 
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post 
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.
