Support for Hiring 11,700 Young Workers... Digital Competitiveness of SMEs
Up to 1.8 million KRW per month for labor costs
Indirect labor costs of 100,000 KRW, etc.
Support available for up to 6 months
[Asia Economy Reporter Kim Daeseop] The government is promoting the 'Youth Digital Job Project' and the 'Youth Work Experience Support Project' in preparation for the post-COVID era. A total of 11,700 young people will be supported for employment through specialized field operating organizations recommended by the Ministry of SMEs and Startups.
According to the Ministry of SMEs and Startups on the 2nd, this project was prepared to provide young people with opportunities that help career development, allowing them to gain practical experience in the information technology (IT) field and promote employment in related fields. It is expected to contribute to the digital transformation and competitiveness of small and medium-sized enterprises.
The Youth Digital Job Project supports companies that hire young people for IT-related jobs with up to 1.8 million KRW per month for labor costs and 100,000 KRW for indirect labor costs for up to six months. The Youth Work Experience Support Project supports companies that provide young people with work experience opportunities with up to 800,000 KRW per month for labor costs and up to 80,000 KRW for management fees for up to six months.
The Ministry of SMEs and Startups focuses support on companies in specialized fields such as artificial intelligence (AI), software, and smart services among small and medium-sized enterprises with five or more newly hired young employees. The specialized field operating organizations recommended by the Ministry include a total of 10 institutions such as the Korea Institute of Startup & Entrepreneurship Development, the Korea Venture Business Association, and the Intelligent Information Industry Association, planning to support youth employment in 13 fields.
Small and medium-sized enterprises wishing to participate must designate a specialized field operating organization and apply through the Worknet website. The operating organizations will review the qualifications of the applying companies and decide on support eligibility.
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Choi Won-young, Director of the Job Policy Division at the Ministry of SMEs and Startups, said, "The employment situation for young people is not good to the extent that there is talk of an employment cliff recently. Through this project, we hope that ventures, startups, and manufacturing SMEs in promising technology fields such as AI and software will secure the capacity to hire young people and actively respond to the digital transformation era."
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