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South Korea to create 24,000 software jobs by 2022

All Headlines 11:00 September 11, 2018

SEOUL, Sept. 11 (Yonhap) -- South Korea plans to newly create some 24,000 jobs in the software sector by 2022 as the industry is a key part of the country's push to capitalize on the fourth industrial revolution, the government said Tuesday.

The Ministry of Science and ICT announced the "track-track" blueprint to improve both quality and quantity of software jobs in the sector that covers everything from artificial intelligence (AI) to cloud computing over the next five years.

The ministry has stressed that the revolution is radically shifting the economic landscape and noticeably changing the nature of jobs in the software sector.

Under the plan, the ministry will support 35 universities with the focus on software curriculum by next year, up from 25 this year.

The ministry will also create AI graduate schools to eventually train around 4,000 highly skilled engineers and scientists in the sector, officials said.

Some of the world's most renowned universities, such as Stanford University and the Massachusetts Institute of Technology, have already provided graduate-level AI programs.

In order to provide a better working environment for software programmers in the sector, the government is pushing to adopt the "regulatory sandbox," officials said.

The term refers to a functional testing environment where software, applications and programs can be tested to the fullest.

The ministry will moreover provide various mentoring services to 150 small and medium-sized AI and virtual reality (VR) firms with growth potential.

The ministry said it aims to revamp various regulatory red tape and inadequate training programs as South Korea is facing a severe lack of software developers. The talent shortage has been blamed on the inability of the education system to adapt to the current market needs.

South Korea's skill shortage in the software sector came to 4 percent in 2016, compared with 2.4 percent for all industries overall, the ministry said.

The ministry further forecasts the country to suffer a shortage of 32,000 jobs in AI, VR, augmented reality (AR), cloud computing and Big Data sectors between 2018 and 2022.

South Korea to create 24,000 software jobs by 2022 - 1


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