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Government Initiates Soft Loans for Youth Employed in South Korea-Study Programs

May 15, Colombo (LNW):Social Empowerment State Minister Anupa Pasqual has announced that the government will provide course fees as a soft loan through Samurdhi Bank associations to youths engaged in part-time or full-time jobs while pursuing studies in South Korea.

A collaborative effort between government and private sector institutions has launched a groundbreaking program allowing students to work while undertaking vocational training or graduate courses in South Korea, irrespective of their GCE Advanced Level Examination results.

State Minister Pasqual highlighted the government’s decision to offer concessional bank loans as an initiative to incentivize youth participation in the program, recognizing its significant benefits for both individuals and the nation at large.

Emphasizing the importance of cultivating a highly qualified workforce to access lucrative job opportunities globally, Pasqual underscored Sri Lanka’s commitment to fostering skilled professionals.

Pasqual conveyed these insights during the launch of a Korean language learning course at the historic Kande Viharaya in Kalutara. Initially targeting students in the Western Province who may have left school after Ordinary or Advanced Level Examinations, the course aims to equip participants with the language skills needed for employment while studying in Korea.

“This initiative holds the potential to generate high-income job prospects through specialized education,” Pasqual remarked, noting the collaboration between Troja International Management and Consultants, Royal Way International Vocational College, and Seiko International Institute in introducing the course with governmental support.

Ravindra Gayanath, Director of the Korean Language Educational Institute, elucidated that the introduction of new language courses seeks to guide Sri Lankan youth towards well-compensated job opportunities in Korea by enhancing their proficiency in the Korean language.

The inauguration ceremony witnessed the participation of notable figures such as Ven. Kim Yong Chul, President of the Korea–Sri Lanka Buddhist Centre, Korean educationists Hwang Yongguk, Pak Eunhee, Kho Mink Yong, Ven. Premarathana Thera, Incumbent of Kande Viharaya, and a multitude of attendees eager to explore these educational avenues.

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