InnoBiz Association Supports Job Creation for 2,000 People

Recruitment of Companies Participating in the Youth Digital Job Project

[Asia Economy Reporter Kim Daeseop] The Korea Small and Medium Business Technology Innovation Association (Inno-Biz Association) announced on the 3rd that it will support the creation of jobs in the digital sector for over 18,500 Inno-Biz companies nationwide.

The Inno-Biz Association is recruiting Inno-Biz companies to participate in the government's 'Youth Digital Job Project.' It plans to support job creation on a scale of 2,000 positions through Inno-Biz companies.

The Youth Digital Job Project aims to promote continuous employment or related field job placement for young people based on practical experience, while supporting companies to create substantial added value.

Participating companies must prepare a recruitment plan within a total of four IT-related job categories and submit it to the Inno-Biz Association. Upon approval of the recruitment plan, companies can proceed with hiring. After hiring, companies can receive support for up to 30 employees for six months, with a maximum monthly wage subsidy of 1.8 million KRW per person and an additional 100,000 KRW for indirect labor costs.

However, companies that have had layoffs from one month before the application date until the hiring date, or those that hired personnel before the recruitment plan was approved, are excluded from support.

Companies wishing to participate in the Youth Digital Job Project can apply by selecting the operating organization as 'Korea Small and Medium Business Technology Innovation Association' on the Worknet website. The Inno-Biz Association plans to encourage participation of Inno-Biz companies in cooperation with its eight branches nationwide.

Cho Hongrae, president of the Inno-Biz Association, said, "Although a contraction in youth employment in small and medium enterprises is expected in the second half of the year due to COVID-19, this project will greatly help alleviate the manpower shortage of Inno-Biz companies."

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