Incheon City Supports Companies Employing Youth Under 39 with 6 Months' Salary and Education Expenses

Incheon City Hall

[Asia Economy Reporter Park Hyesook] Incheon City is promoting the 'Youth Employment Support Project,' which provides six months of wages and education expenses to local small and medium-sized enterprises (SMEs) and mid-sized companies that employ youth aged 39 and under.

The city was selected for the Ministry of the Interior and Safety's 'Region-led Youth Job Project,' securing 735 million KRW in national funds and matching it with 933 million KRW in city funds to carry out the project.

Participating companies and young workers in this project will each receive support for wages and education expenses for six months.

Companies that hire young workers will receive wage support during a three-month internship period, and if they convert the worker to a full-time employee afterward, they will receive an additional three months' salary support. Wages are paid directly to the companies, while education expenses of 100,000 KRW per month are paid directly to the young workers.

Once hired as workers, they must work 8 hours a day, 5 days a week (40 hours per week), and can receive a monthly salary of at least 1,875,000 KRW (before tax).

Additionally, young workers are required to complete a certain amount of online job training to adapt to workplace life and encourage long-term employment, and there will be opportunities to share outcomes through future meetings between companies and youth.

The city plans to support wages and other expenses for 150 young people residing in the Incheon area at SMEs and mid-sized companies until June next year.

Companies wishing to participate can visit the Incheon Technopark Youth Support Center in person or inquire via email (youngcha@itp.or.kr) or phone (032-725-3042). Applications will be accepted on a rolling basis starting from the 1st of next month.

An Incheon city official stated, "To overcome the economic crisis caused by the novel coronavirus disease (COVID-19), youth employment in local companies is necessary," adding, "This will be a good opportunity for young people struggling with employment difficulties and for companies facing challenges."

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