Category Archives: employment

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South Korea Plans Blockchain Youth Development Program

South Korea has announced plans to launch a blockchain-focused training initiative targeted at emerging talent from the country’s younger demographic.

The young participants will benefit from a six-month blockchain and technology training course covering a variety of emerging sectors, with the primary goal being stated at decreasing youth unemployment while matching individuals with job opportunities well suited to them.

The students will be trained in a total of 40 courses including blockchain development, as well as software, hardware, autonomous vehicle and drone modules. Each unit was carefully configured to match the employment personnel needed for the various industries local to South Korea.

A key objective of the plan involves building direct relationships between educational institutions and companies to coordinate an advantageous cooperation of building the skill sets that employers need from prospective employees.

In a press release on Thursday, the ministry called for a demand of future employees to participate from the beginning of the project so that the most effective outcome is reached.

Software policy officer at the Ministry of Commerce, Industry and Energy, Young-Kyung Won, noted that while unemployment of the younger generation is becoming a social problem, job mismatch is also becoming a serious issue in the country.

Through an innovative approach to fostering talent, Young-Kyung hopes that companies’ level of vision can be matched by the youths alongside developing better support networks to match them with and offer them job opportunities.

The government-led 2018 Innovative Growing Youth Talent Concentration Project has been organized collaboratively by the Ministry of Science and ICT and the Institute for Information and Communications Technology Promotion. Recruitment and selection events were held by local governments between 11 June and 10 July.

Individual trainees will be chosen through the month of August via self-selection criteria at each educational facility. The course is scheduled to begin mid-September.

 

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Carrie Kirby – Bitcoin Paychecks

Carrie Kirby – Bitcoin Paychecks:

Writer Carrie Kirby (@CarrieKirby), in an article on Coindesk, describes some experiences by those who earn their incomes in Bitcoins.  Excerpts:

“It’s interesting to learn how little inconvenience and uncertainty is being reported by the select few who collect their pay in bitcoins.”

“San Francisco bitcoin wallet company CoinBase pays all six of its employees entirely in bitcoins, and employee Olaf Carlson-Wee says: ‘I try to stay within the bitcoin economy as much as possible.’”

“’If I received my bitcoin on September 1 and it’s worth $10, but then I sell it at $20, the initial $10 is (subject to) payroll tax, but then the additional $10 would be considered a capital gain, from the advice that I received,’ Holland said.”

“The companies issue W2 forms and report the salaries paid to the government as they normally would.”

“Carlson-Wee, who keeps most of his savings in bitcoins aside from a small USD reserve, admits that a personal financial emergency could put him in the position of having to sell off a lot of his bitcoins at a low price.”

 – http://www.coindesk.com/getting-paid-in-bitcoins
 –  (Further discussion of this post)

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