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According to Yonhap News,

(SEOUL=Yonhap News) The government said Monday that it will provide 9.2 billion won (US$8.6 million) for a job training program for young people with degrees in natural science or engineering in an effort to reduce the country's high youth unemployment.

The program is meant to train 2,100 unemployed university graduates with degrees in natural science or engineering, according to the Ministry of Science and ICT.

The trainees will have an opportunity to learn skills in five fields, including electronics, machinery and chemistry, at 35 institutions across the country, ministry officials said.

Following the program, the ministry will also help the youths to find jobs in ICT, software development and other fields.

"The government is making the utmost effort to solve the problem of the issue of youth unemployment," said Kang Byung-sam, an ICT ministry official in charge of the program. "The program will give the young people good job positions and (will provide) an opportunity for the companies at the same time."

The government has operated the program every year since 2003 to help a total of 39,457 unemployed gradates in the field. The ministry said the employment rate of the trainees came to 73.9 percent on average.

The unemployment rate for young people aged between 15 and 29 stood at 9.8 percent in February, much higher than the overall jobless rate of 4.6 percent, according to government data.

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Source: Yonhap News (Apr. 09, 2018)