HARI President and CEO Ma. Fe Perez Agudo (front row, 6th from R) joined an international panel of experts to discuss emerging challenges and opportunities that confront the youth workforce in the wake of the Fourth Industrial Revolution. Close to a thousand youth representatives from across Asia Pacific gathered at the 6th Asian Youth Forum (AYF6) held August 9-12, 2018 in Incheon, Korea. AYF6 is an annual conference organized by the Asian Development Bank in observance of International Youth Day (August 12). This year’s theme, “Building the Workforce of the Future,” celebrates the role of the youth as partners in addressing unemployment in Asia-Pacific.
August 9, 2018, Incheon, Korea. “Keep your eyes and ears open to trends. Discover your skills and work on them. Create your own brand. Act on opportunities that will elevate your capacity to the next level. The future is beyond science and technology and increasingly more about creativity and leadership,” said Hyundai Asia Resources, Inc. (HARI) President and CEO Ma. Fe Perez Agudo in her address to the youth of Asia Pacific at the 6th Asian Youth Forum (AYF6), an annual gathering organized by the Asian Development Bank (ADB) in observance of International Youth Day (August 12).
Ms. Agudo joined an international panel of experts to tackle the year’s theme, “Building the Workforce of the Future.” Organizing partners ADB Youth for Asia and Plan International brought together stakeholders and close to a thousand delegates from across Asia-Pacific to celebrate the role of the youth as partners in confronting employment issues in the wake of technological and economic disruptions that are transforming the global business and labor landscapes.
In her remarks, Ms. Agudo called for intensified private-public sector collaboration to understand and adopt new learning and development techniques, as well as to accelerate innovation and creativity across industries. She also encouraged her young audience to do their part by aiming high, and by developing their talents to keep pace with technology.
HARI’s top honcho likewise cited Hyundai’s ongoing contribution to preparing the youth in developing nations for the demands of the Fourth Industrial Revolution. The recently inaugurated Hyundai Dream Centre Philippines (HDCP) adds to the growing number of training centers established by Hyundai Motor Group (HMG) since 2013. These world class training and education hubs aim to prepare underprivileged yet deserving individuals for careers in the automotive and manufacturing industries.
“We all need to be armed with technical knowledge and skills plus the right attitude to be competitive in the global stage,” noted Ms. Agudo, “but technology alone will not drive us to succeed. The key is a highly-skilled workforce that knows how to build and use technology for the greater good.”
According to the ADB, there are more young people between ages 10 and 24 today than at any other time in human history. Nine out of 10 of these live in less developed countries.
Asia has the largest number of young people, with 754 million (M). In some developing member countries, the percentage of young people under age 24 exceeds 50% of the population.
While Plan International statistics reveal that at least 220 M young people in Asia Pacific are neither in school nor are employed. Of the employed youth, over 250 M are underemployed. Forty eight percent of employers are unable to fill vacancies due to lack of skilled applicants.
In the next decade, one billion (B) young people are expected to join the labor market, most of whom will face irregular or informal employment.
ABOUT HYUNDAI ASIA RESOURCES, INC.
Hyundai Asia Resources, Inc. (HARI), the official distributor of Hyundai passenger cars and commercial vehicles in the Philippines, has been hailed four times as Hyundai Asia-Pacific Distributor of the Year (2005, 2006, 2008, and 2013), and Hyundai Global Distributor of the Year 2010 and 2016. HARI boasts of its 42-strong dealer network, superior after-sales, dealer and customer relations support, and an enviable roster of best-selling commercial and passenger vehicles.