Korea Adopts Name-and-Shame Tool to Boost Jobs for Moms
South Korea will adopt a name-and-shame policy, publicly identifying companies with low female employment levels, as President Park Geun Hye targets 1.65 million extra jobs for women.
Policy steps will include increased subsidies for parents on childcare leave and preferential treatment for “family-friendly” companies seeking government contracts, six ministries said in a joint statement today.
With an aging population threatening to undermine South Korea’s economic growth, Park, the nation’s first woman president, has pledged to lift the female employment rate to 61.9 percent, from 53.5 percent, before her term ends in 2018.
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