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Revitalizing Regional Investment through Workforce Policy: Evaluating the South Korean K-Quick Start Program

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  • Youngmin Kim

    (Korea Institute for Industrial Economics and Trade)

Abstract

This paper argues that linking labor supply enhancement to regional investment is an appropriate policy means to promote regional investment. The US state of Georgia has attracted advanced industry and large-scale investment through its Quick Start program, that is essentially a customized workforce supply program for investors and entrepreneurs. Benchmarking Georgia, the Korean government has implemented its own K-Quick Start project, modifying it to local characteristics. It is designed to equalize labor supply and demand in the early stages of regional investment. The policy was found to have had a positive impact on job creation and local economic activity, but failed to attract advanced industries and large-scale investments due to the restrictions on participating firms and training programs centered mostly on field work. This study evaluates the K-Quick Start policy in more detail, and proposes a handful of policy recommendations to maximize its effectiveness.

Suggested Citation

  • Youngmin Kim, 2025. "Revitalizing Regional Investment through Workforce Policy: Evaluating the South Korean K-Quick Start Program," Industrial Economic Review 22, Korea Institute for Industrial Economics and Trade.
    • Handle: RePEc:ris:kieter:021421
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    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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