Seongnam City to Support 80-90% of Labor Costs for Youth Employment Companies

Seongnam City Hall

[Asia Economy (Seongnam) = Reporter Lee Young-gyu] Seongnam City in Gyeonggi Province will support 80-90% of labor costs for companies that newly hire young people.

On the 25th, Seongnam City announced that it will carry out the 'Community-led Youth Job Project,' which supports 80-90% of labor costs depending on the work type for companies that newly hire young people to revitalize the employment market, which has been stagnant due to COVID-19.

To this end, the city is recruiting 28 companies to participate in the project by the 5th of next month.

Companies are divided into 'Youth Dureundureun Employment' workplaces (20 companies) that hire full-time employees working 8 hours a day, and 'Seongnam-type Youth Incubating' workplaces (8 companies) that hire part-time workers working 4 hours a day.

For the Dureundureun Employment workplaces, 1.6 million KRW (80%) out of the monthly salary of 2 million KRW per hired youth will be supported for two years. This is to encourage new full-time hires.

For the Incubating workplaces, 90% of the youth labor cost (based on a monthly minimum of 937,500 KRW) will be supported from the hiring date until December of this year.

Participating companies must pay the difference between the city’s support and the salary or hourly wage. The minimum wage must also be guaranteed.

Companies wishing to participate in this project can send the application form, a copy of the business registration certificate, and other documents to the Youth Policy Division of Seongnam City Hall via email (snjob@korea.kr) within the deadline.

In particular, participating companies must hire young people aged 18 to 39 who have an address in Seongnam.

A city official explained, "Since the first implementation in March, currently 20 young people are working, with one person each at 12 Youth Dureundureun Employment workplaces and 8 Youth Incubating workplaces."

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