June 26, 2022

South Korean Ministry of Science and ICT on Thursday announced to raise another 89,000 people specialized in software technology by 2025 to cope with a shortage of digital talent in the future.

According to the ministry, the government intends to support younger generations in times of digital transformation, and that a total of 413,000 software professionals will be supplied over the next five years.

Government plans summary

• The ministry has vowed that starting next year it will provide more learning opportunities for the youth.
• It will provide mentorship programs for around 1,000 people in the country.
• It will provide more internship chances to about 4,000 people both in and out of the country.
• The government will organize 24 digital competition events which will award prize money of 12.7 billion won ($10.8 million) in total.
• Starting next year, the government will offer incentives to companies that hire young interns and provide educational program on AI and software to enlisted soldiers.
• The government will provide any students interested in learning about information and communication technology the chance to take online lectures taught at universities designated as “software-centered schools”.
• The students will also be provided interpretation services for foreign ICT classes.
• The software engineers and developers already working in the field will be offered cloud resources, meeting spaces and financial aid for conducting promotional activities and holding conferences.
• The government also intends to set up a metaverse academy and offer consultations and legal support with regards to the protection of intellectual property.
• In the first half of next year, a new page on the government’s digital new deal website will be available to provide detailed information and policies regarding the government’s support measures to nurture young digital talents.

According to the ministry, over the last five years the amount of the ICT industry’s total output in the country increased about 10 percent. While in the past two years the number of companies that supply data went up almost threefold and the number of AI companies grew by 450 percent in the same period.