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The failure of Korea’s specialized high schools to adapt to shifting needs of industries and expectations of students have contributed to a labor and skill shortage especially affecting small and medium enterprises (SME). In response to these problems, government, the industries, and institutions of research and education are working together to establish an innovative, demand-oriented and competence-based system of vocational education.
This article describes the current trends in the Korean labor market and presents selected policies and initiatives to minimize the existing skills mismatch and and labor shortage.
http://www.bibb.de/veroeffentlichungen/en/publication/download/id/6663