Gyeonggi-do Expands Employment Environment Improvement Fund to 40 Million Won

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will increase the 'Employment Environment Improvement Fund' support for excellent job-creating companies to 40 million KRW this year.

On the 2nd, Gyeonggi Province announced that it has decided to expand support benefits for the 'Excellent Job-Creating Company Certification System,' which is implemented to create jobs and stabilize employment.

The Excellent Job-Creating Company Certification System is a program that provides various incentives to small and medium-sized enterprises (SMEs) in the province that have made efforts to create jobs, improve labor conditions, and enhance worker welfare, thereby encouraging continuous job creation. Gyeonggi Province was the first local government to introduce and implement this system since 2009.

Through this system, the province offers various incentives to excellent job-creating companies, including support for employment environment improvement, additional points and preferential interest rates (0.3%) when applying for SME development funds.

In particular, starting this year, the employment environment improvement fund per company has been increased by 10 million KRW from 30 million KRW to 40 million KRW. The fund can be used to expand and improve workplaces and worker welfare facilities.

Additionally, to expand and establish a 'culture of interview allowance payment' where recruiting companies and job seekers both benefit (Win-Win), companies that pay interview allowances will be given additional points during the certification selection review.

Eligible applicants are companies whose headquarters or main factory have been located in the province for more than three years, and that have had an employment growth rate of 10% or more with an increase of at least 5 employees in the past year, or an increase of 10 or more employees in the past year.

The certification period is two years, and if certain conditions are met, it can be extended once for an additional two years.

The Excellent Job-Creating Company Certification System accepts applications twice a year, once in the first half and once in the second half.

This content was produced with the assistance of AI translation services.