South Korea will invest some 900 million dollars over the next five years to train 100,000 young people for next-generation industries, the Ministry of Strategy and Finance said Thursday.
It said the project aims to ease youth unemployment and increase expertise in future growth engines such as "green" projects, IT, cultural content, medical technology and the knowledge-based service industry.
Starting with 118 million dollars to be spent next year, the ministry will channel the funding to schools and research institutes with relevant training programmes.
Young South Koreans are struggling to find jobs amid the sluggish economy.
The overall jobless rate stood at 3.1 percent in August, unchanged from a year earlier. Youth unemployment, however, jumped 0.4 percentage point to 7.1 percent.
Job creation is one of the key campaign pledges of President Lee Myung-Bak, who took office in February.
Last month he unveiled a "green growth" strategy to drive the economy in future decades, saying the renewable energy industry would create several times more jobs than existing industries.
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