Gwangju City Announces Job Excellence Company Contest... Various Benefits Provided

Gwangju City Hall

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 25th that it will certify companies that have made efforts to create jobs and stabilize employment as ‘Excellent Job-Creating Companies’ and provide various benefits such as increasing the limit of management stabilization funds.

Eligible applicants are companies in the manufacturing, related service, and knowledge service sectors that have been operating normally in Gwangju for more than two years. Selection is based on a comprehensive evaluation of job growth rate of 5% or more in the past year, employment performance of 5 or more employees (3 or more for companies with fewer than 50 employees), employment retention rate, and job growth potential.

However, companies that have artificially reduced staff through layoffs, companies fined or penalized for violating labor laws, companies that caused social controversies such as wage arrears, labor disputes, or environmental pollution, and companies with employment expanded due to seasonal or temporary labor demand such as dispatched labor or service companies are excluded from eligibility.

Gwangju City will issue certificates and plaques to companies selected as Excellent Job-Creating Companies and provide a total of 14 types of incentives for two years, including ▲increased limits on management stabilization funds and preferential treatment such as interest subsidies ▲exemption from real estate acquisition tax and deferral of local tax audits ▲priority support for export promotion funds ▲expanded guarantee insurance limits ▲discount systems for broadcast advertising fees.

Applying companies can check the announcement of the implementation plan for the Excellent Job-Creating Company certification system in the notice section on the city’s website and submit the application form and required documents in person or by mail to the city’s Job Policy Office from the 12th to the 19th of next month.

Park Nam-eon, head of the city’s Job Economy Office, said, “Despite the difficult economic conditions caused by COVID-19, by certifying companies that contribute to revitalizing the local economy through job creation and employment stabilization, we will enhance the pride of companies and support their further growth by providing various incentives.”

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