Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off 
Japan Keeps Markets Guessing as Yen Nears 40-Year Low, Raising Intervention Risks 
Oil Prices Drop as Strait of Hormuz Shipping Recovers 
Tesla and NatPower Partner on $5 Billion Battery Storage Expansion in Europe 
Australia Jobs Growth Strengthens Rate Hike Outlook 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post 
Heineken Names JDE Peet’s CEO Rafael Oliveira as New Chief Executive 
Fortescue Faces Class Action Over Sexual Harassment Claims at Australian Mining Sites 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
Alphabet Stock Slides as AI Talent Exodus and SpaceX Losses Shake Investor Confidence 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
U.S. Dollar Reaches One-Year High as Tech Sell-Off and Fed Rate Hike Expectations Support Demand 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
LG Group recently made a pledge to generate thousands of new jobs and hire young people in the next three years. The company said on Thursday, Oct. 21, it will be creating more than 30,000 job posts and welcome more workers into the company.
The promise was personally made by LG Group's chairman and chief executive officer, Koo Kwang Mo, during a recent meeting with South Korea's Prime Minister Kim Boo Kyum. The conference was held at the LG Science Park in Magok in Seoul, and it was attended by other high-ranking company officials, including president Lee Bang Soo and vice chairman Kwon Young Soo.
As per The Korea Herald, the meeting was organized as part of the project set up by the local government for the employment of youths. The project has been dubbed "Youth Hope On," and this was created in an effort to address issues that the young Koreans are facing right now in the job market.
"As a businessman, I think the most important mission for me is to create jobs," LG Group's CEO said regarding the company's participation in the project. "LG will lead investments in future cutting-edge technologies and create high-quality jobs through the investments, beyond LG and across society."
It was reported that LG is the third major firm to join the group that responded to the government's employment program for the youngsters. KT and Samsung have also signed up to create jobs and help solve the unemployment problem of the younger people in South Korea.
Altogether, LG, Samsung, and KT will be able to generate a total of 81,000 jobs by the year 2024. LG said that it would directly recruit 10,000 employees every year in the next three years.
It will also create additional 9,000 job posts through indirect support for related industries. Moreover, the company's plan will also increase the ₩150 billion or $127.4 million investment for startups, and this is expected to create another 2,000 jobs.
Finally, Korea Joongang Daily reported that the LG Group signed the agreement for the youth employment project led by the prime minister's office. The company will also be expanding its partnerships with universities where it can also hire graduates from majors that the firm needs.
