Daejeon City Supports Small Business 'New Employment' Labor Costs for 3 Months

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City is providing wage support for newly hired employees of small business owners. This is in the context of supporting the employment market, which may slow down due to the COVID-19 pandemic.

The city announced on the 10th that it will support the wages of 1,000 newly hired workers by local small business owners.

The support target applies when small business owners operating workplaces in Daejeon newly hire workers aged 18 to 60 residing in Daejeon. In this case, the city supports 90% of the wage for one newly hired worker per business, up to 1.2 million KRW per month, for a maximum of three months.

The 1.2 million KRW limit is based on calculating 90% of wages assuming the hourly minimum wage (8,590 KRW) and 156 working hours per month.

However, newly hired workers after the announcement date must be enrolled in the four major social insurances, and the number of employees must be maintained without reduction during the support period.

The application period is from today until the 30th of next month, and applications can be submitted through the dedicated online application website for the Small Business Newly Hired Wage Support Project at the Daejeon Economic and Trade Promotion Agency. The application may close early if there are many applicants.

For more detailed information about the Small Business Newly Hired Wage Support Project, please refer to the announcement posted on the city’s website and the Daejeon Economic and Trade Promotion Agency website, or contact the dedicated desk at the Daejeon Economic and Trade Promotion Agency.

Ko Hyun-deok, Director of the City’s Job and Economy Bureau, said, “Considering the prolonged employment shock due to the long-term COVID-19 situation, we are supporting wages for newly hired employees of local small business owners. Through this project, we will strive to expand jobs within the region and revitalize the local economy.”

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