Gyeongnam Province Announces 2nd Preliminary Social Enterprise Designation and Job Creation Project Contest ... Total Support of 5.6 Billion KRW

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Gyeongnam Province announced on the 29th that it plans to discover additional ‘Gyeongnam-type preliminary social enterprises’ and provide an additional 500 million KRW to the job creation contest project.

In February, the province supported 1.5 billion KRW to the ‘1st Job Creation Contest Selected Companies,’ and in June, it newly designated 19 preliminary social enterprises.

The 2nd Job Creation Contest is scheduled to be held from July 1 to 17.

Through this 2nd contest, the province plans to discover excellent preliminary social enterprises suited to the province’s characteristics and support labor costs for preliminary and certified social enterprises through the contest project to foster them into self-sustainable social enterprises.

Additionally, this year’s project will provide a total of 5.6 billion KRW, including 3.6 billion KRW supported to previously selected companies last year and 2 billion KRW newly supported through this year’s contest.

Companies in the province wishing to participate in this ‘2nd provincial contest project’ can submit applications and attachments through the Social Enterprise Integrated Information System by July 17. Afterwards, the relevant city/county will conduct document reviews, on-site inspections, and the selection committee’s deliberation, with final selections expected in early September.

Jang Jae-hyeok, head of the Gyeongnam Province Social Economy Promotion Team, said, “We hope for much interest and participation from local companies in this 2nd contest project,” and added, “Going forward, the province will do its best to discover and foster excellent social enterprises to provide many quality jobs to vulnerable groups.”

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