South Korea’s ICT Ministry to Train Youths on Blockchain, And Other Technologies

The South Korea’s Ministry of Science and ICT is launching a new program aimed at promoting young Korean people in the area of innovative technologies like blockchain. The program titled “2018 Innovative Growing Youth Talent Concentration Project” which is to be held today, 10 August, was announced in a press release on August 9.

The 2018 Innovative Growing Youth Talent Concentration Project would include 40 training courses and participants when selected will receive a six-month training covering the application of blockchain and other technologies in various sectors, with instruction beginning mid-September. At launch, almost young 1200 people are expected to undergo the training. This year’s Innovative Growing Youth Talent Concentration Project is already at its second phase, following a successful inaugural round, which ran from June 11 to July 10.

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According to the Ministry of Science and ICT press release, the main goal of the program is reducing the youth unemployment in South Korea and also to match talented individuals with the right line of work. The Software Policy Officer at the Ministry of Commerce, Industry and Energy Young-Kyung Won, commented that: “Although youth unemployment issue is emerging as a social problem, the problem of job mismatch is serious.”

Young-Kyung Won also added that with the program, the Science and ICT Ministry will foster talents that will match company’s level of vision, offer new opportunities for young people who are looking for jobs, and actively support young people to create jobs.

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Blockchain technology a game changer technology, is expected to disrupt major industries and businesses across the globe especially industries like logistics, contracting, supply chain, public administration, healthcare, property, assets clearing, and transactions.


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