Signal A shortage of 428,000 workers is projected in new technology fields for 2024 to 2028

Summary

The government cites a 2024 projection by the Korea Research Institute for Vocational Education and Training of a shortage of 428,000 workers in new technology fields between 2024 and 2028. The fields named include digital technology, semiconductors, and materials and components. It argues that universities urgently need to create or convert programmes to match labour market demand as AI and other technologies change. This need arises while the competitiveness of regional universities is weakening. The government places the skills gap among the institutional weaknesses that undermine the foundations of growth.