Gyeonggi-do, '2021 Job Policy Market'... Discovering New Jobs

Selected Considering Effectiveness, Originality, Business Appropriateness, and Excellence of Plan

[Asia Economy Reporter Ra Young-cheol] Gyeonggi Province is promoting the '2021 Job Policy Market' to discover new jobs to overcome the employment crisis triggered by COVID-19.

Introduced for the first time by Gyeonggi Province in 2019, the 'Job Policy Market' is a project where the province purchases (with provincial funds) job creation projects directly discovered by cities and counties that have high job creation effects and well reflect regional characteristics.

According to the province on the 31st, this year, a total of 3 billion KRW of provincial funds will be invested in the Job Policy Market. In February, a review committee will be held to select support projects considering effectiveness, originality, project appropriateness, and excellence of plans for job projects independently discovered by each city and county.

Selected projects will receive provincial funding up to 300 million KRW. In the first year of selection, 100% of the total project cost will be supported, and if selected as an excellent project based on subsequent project performance, 70% of provincial funds will be supported in the second year and 50% in the third year.

In particular, this year, additional points will be given to projects contributing to the prevention of COVID-19 spread, and 5% of the total budget will be allocated for purchasing quarantine supplies for participants to thoroughly prepare for the COVID-19 situation.

Participants in jobs discovered through the Job Policy Market will be paid this year’s Gyeonggi Province living wage (hourly wage of 10,540 KRW).

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