Samsung, SK and Hyundai launch major youth hiring drive in South Korea

Samsung, SK and Hyundai launch major youth hiring drive in South Korea [https://invezz.com/wp-content/uploads/2025/09/20250918_082952_g0Ip7.png] South Korea’s biggest conglomerates — Samsung Group, SK Group and Hyundai Motor Group — have unveiled large-scale hiring commitments aimed at easing the country’s worsening youth employment crisis. Together, the three firms plan to create 75,200 jobs over the next two years, a move that comes after President Lee Jae Myung urged private businesses to help reverse 16 consecutive months of declining youth employment. Government data show the youth unemployment rate stood at 5.7% in August, more than double the overall unemployment rate of 2.6%. SAMSUNG TO HIRE 60,000 THROUGH 2030 Samsung announced on Thursday that it will recruit 60,000 new employees in South Korea over the next five years, averaging about 12,000 annually until 2030. Hiring will focus on semiconductors, biopharmaceuticals, and artificial intelligence, three sectors central to both Samsung’s global strategy and South Korea’s industrial policy. The announcement aligns with Executive Chairman Jay Y. Lee’s pledge to maintain Samsung’s recruitment tradition, with particular attention to youth employment. Samsung currently employs 221,221 people across its listed…