Gwangju City Supports 50% of Labor Costs for Hiring in Small Manufacturing and Small Businesses

For 2,000 New Participants... Up to 6 Months Maximum

Gwangju City Hall

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 21st that it will support 50% of the labor costs for 2,000 newly hired workers by small and medium-sized manufacturers and small business owners in the region to alleviate the management burden and stabilize livelihoods amid consumption sluggishness and economic recession caused by the COVID-19 pandemic.

This support is part of the 6th Livelihood Stabilization Measures announced by Mayor Lee Yong-seop on the 6th and was prepared in response to the significant contraction of jobs, with new hires in the living job market and job postings by small and medium-sized manufacturers dropping by more than 30% compared to the same month last year after the spread of COVID-19.

The support conditions apply to small and medium-sized manufacturers (with 30 or fewer regular employees) and small business owners (with 5 or fewer employees) located in Gwangju. From the policy announcement date of May 6, employment must be maintained without any workforce reduction, and newly hired workers must be enrolled in the four major social insurances.

From June 1 to December 31, 50% of labor costs (up to 898,000 KRW per month) will be supported for workers employed for more than one month.

The support scale is 1,000 people for small and medium-sized manufacturers and 1,000 people for small business owners, with support limited to up to 3 people per small and medium-sized manufacturer business and 1 person per small business.

Applications can be submitted online on a first-come, first-served basis from the 25th via the websites of Gwangju City and the Gwangju Economic Employment Promotion Agency. In-person applications are accepted at the reception desk in the Citizens' Hall on the 1st floor of City Hall, the Strategic Business Department of the Gwangju Economic Employment Promotion Agency, and the Pyeongdong Comprehensive Business Center.

For more details, please check the websites of Gwangju City and the Gwangju Economic Employment Promotion Agency.

Park Nam-eon, Director of the City’s Job Economy Office, said, “This is a time when the employment shock is intensifying, with the number of employed persons sharply decreasing due to the impact of COVID-19. We will do our best to expand jobs in small and medium-sized manufacturing and small business companies at this critical time to stabilize livelihoods and restore the local economy.”

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