The Secret to Solving Both Employment and Labor Shortages Simultaneously?

Published 08 Jan.2020 06:51(KST)

Yangcheon-gu Operates 'Youth Internship Program' to Promote Youth Employment and Alleviate Manpower Shortage in SMEs... Participating Companies Accepted Until February 14, Youth Intern Applications Open from January 17, Work Starts March 2

The Secret to Solving Both Employment and Labor Shortages Simultaneously?

[Asia Economy Reporter Park Jong-il] Yangcheon-gu (Mayor Kim Soo-young) is operating the ‘Youth Internship Program’ to ease the difficulties of youth employment and provide companies with opportunities to discover talent, and is recruiting participating companies and youth.

The district operates the ‘Youth Internship Program’ to promote employment for unemployed youth and alleviate manpower shortages in small and medium-sized enterprises (SMEs). This project supports 50% of the salary per youth intern hired by companies facing employment difficulties, up to a total of 10 million KRW over 10 months (maximum 1 million KRW per month). Since 2012, it has supported a total of 27 million KRW for 35 jobs.

In particular, since last year, the eligible companies have been expanded from SMEs located in Yangcheon-gu to SMEs located in Seoul. Companies located in Seoul that qualify as SMEs under the Framework Act on Small and Medium Enterprises, have five or more regular employees, and have plans to convert interns to full-time employees after the internship period can participate.

Companies wishing to participate can refer to the announcements on the Yangcheon-gu Office website (www.yangcheon.go.kr), complete the application form and required documents, and submit them via email to the person in charge (oyj4100@yangcheon.go.kr) by February 14.

Youth interns eligible to apply must be unemployed residents of Yangcheon-gu aged between 15 and 34 as of the announcement date. Currently enrolled university students are not eligible. However, those who have completed the courses required for graduation and are on leave or vacation immediately before graduation, or those enrolled in broadcasting, correspondence, broadcasting and communication, cyber, or night schools are eligible.

Youth wishing to participate in the internship can submit applications directly to companies listed on the Yangcheon-gu Office website starting from the 17th of this month, referring to the company list and recruitment guidelines. Participants will be selected through the review of the Yangcheon-gu Youth Internship Program Steering Committee upon notification from the respective companies, and selected youth will begin work on March 2.

A Yangcheon-gu official stated, “The Youth Internship Program will be an opportunity for companies to discover talent and receive support, and a foundation for youth to be converted to full-time employees after the internship period,” adding, “We hope for active participation from interested companies and youth.”