Muan-gun, Recruitment of Participating Companies for 2020 Youth Continuous Employment Incentive Program

Recruitment from the 20th of this month to the 6th of next month

Muan County Office (Photo by Muan County)

[Asia Economy Honam Reporting Headquarters Reporter Seo Young-seo] Muan-gun, Jeollanam-do (Governor Kim San) announced on the 18th that it will recruit companies to participate in the ‘2020 Jeonnam Youth Long-term Employment Incentive Support Project’ from the 20th of this month to the 6th of next month.

The ‘Jeonnam Youth Long-term Employment Incentive Support Project’ is a program aimed at promoting youth employment in regular positions, encouraging long-term employment, and reducing the wage gap between large corporations and small and medium-sized enterprises. It provides up to 20 million KRW per person for up to 4 years to both companies and youth.

Eligible participants are companies located in Muan-gun with 5 to fewer than 300 employees insured under employment insurance, employing youth workers aged 18 to 39 in their 1st to 4th year of continuous employment.

The support fund is paid quarterly as follows: 5 million KRW in the 1st year (3 million KRW to youth, 2 million KRW to company) for 3 months, 4.5 million KRW in the 2nd year (3 million KRW to youth, 1.5 million KRW to company), 5.5 million KRW in the 3rd year (4 million KRW to youth, 1.5 million KRW to company), and 5 million KRW in the 4th year (5 million KRW to youth).

Companies wishing to participate can visit the regional economy and job team at the county office with the application form and related documents posted on the county office website under notices and announcements.

The county will verify subscription to the four major insurances, any overdue payments, and overlapping support from other projects, and select supported companies and youth by the 20th of next month based on company evaluation scoring criteria.

A county official said, “We hope many companies will show interest and participate in this project, which guarantees stable wages for local youth, helps resolve manpower shortages in small and medium enterprises, and reduces labor cost burdens.”

Meanwhile, last year, Muan-gun supported a total of 34 youths in 14 companies through the ‘Jeonnam Youth Long-term Employment Incentive Support Project,’ contributing to youth job creation and encouraging long-term employment.

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