Bonuses for Employment and Startups... Incheon City's 'Hope Job(Job)A Project'

Incheon City Hall

[Asia Economy Reporter Park Hyesook] Incheon City announced on the 29th that it will continue the 'Hope Job(Job)A Project,' which provides performance rewards to participants in self-sufficiency projects who succeed in employment or entrepreneurship, this year as well.

The Hope Job(Job)A Project is a self-sufficiency success and welfare withdrawal support policy introduced by Incheon City in 2017 as the first of its kind nationwide to support employment stability and self-sufficiency success for low-income groups. So far, it has supported a total of 303 people who found jobs or started businesses with over 288 million KRW.

Among participants in self-sufficiency projects at local self-sufficiency centers, those who maintain employment for a certain period (up to 6 months for employment, up to 10 months for entrepreneurship) and receive a monthly salary of 1,354,000 KRW (standard income for market entry type) or more can receive performance rewards ranging from 300,000 KRW to a maximum of 1,500,000 KRW.

Applications can be made through local self-sufficiency centers, and district or county officials review eligibility and then provide performance rewards separately for employment and entrepreneurship.

An official from Incheon City stated, "We will actively support the approximately 2,600 low-income individuals currently participating in self-sufficiency projects to overcome the prolonged employment difficulties caused by COVID-19 and succeed in employment or entrepreneurship."

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