‘Geumcheon Iljari Corporation’ Selected as an Elder-Friendly Company by the Ministry of Health and Welfare

Secured 300 Million KRW in National Funding by Being Selected as an Elderly-Friendly Company by the Ministry of Health and Welfare on the 12th... Geumcheon Job Corporation Launched in August This Year at Duryung Technotown 12th, Gasan-dong... Starting with 'Pet Food Business' and 'Public Service Agency Business', Gradually Expanding Operations

[Asia Economy Reporter Park Jong-il] Geumcheon-gu (Mayor Yu Seong-hoon) announced that ‘Geumcheon Job Corporation’ has been finally selected in the ‘2020 Senior-Friendly Company Contest’ hosted by the Ministry of Health and Welfare, taking a step further in creating quality jobs for the elderly.

The ‘Senior-Friendly Company Contest’ is a project that discovers and supports companies that utilize the experience and abilities of seniors to establish competitiveness in the private sector and continuously create quality jobs.

A total of 63 companies participated in the ‘2020 Senior-Friendly Company Contest,’ and 44 companies, including Geumcheon Job Corporation, were selected.

‘Geumcheon Job Corporation’ is a job creation project ambitiously promoted as an inaugural pledge by Mayor Yu Seong-hoon during the 7th local government term to create jobs for vulnerable groups such as the elderly.

The district conducted a feasibility study for four months starting in October 2018, and after review by the Geumcheon-gu Investment and Contribution Institution Operation Deliberation Committee in May last year, the project is being promoted with the goal of launching in August this year.

‘Geumcheon Job Corporation’ is planned to be established in Gasan-dong, Daeryung Technotown 12th complex, with an office and training center covering approximately 90 pyeong (287.9㎡). To ensure stable business operations at the initial stage, it will start with ‘pet food business’ and ‘public work agency business,’ and plans to expand the business by discovering new items every year.

The district currently has secured 290 million KRW in capital for establishing the corporation, and with this senior-friendly company selection, it has secured 300 million KRW in operating expenses.

Once ‘Geumcheon Job Corporation’ is established, it will be possible to create stable jobs through self-generated profits without continuous budget input from the district. The district expects a virtuous cycle structure where stable jobs are provided to seniors through Geumcheon Job Corporation, and the profits are reinvested for public purposes to contribute to senior welfare and regional development.

Yu Seong-hoon, Mayor of Geumcheon-gu, said, “I am pleased that the selection as a senior-friendly company has given wings to the establishment of Geumcheon Job Corporation,” and added, “We will do our best to provide suitable jobs matching the abilities of seniors to solve the rapid aging problem and to improve comprehensive welfare such as social participation and income generation for seniors.”

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