Dongjak-gu Implements Youth Tomorrow Employment Deduction... 2 Million Won Hiring Incentive Support

Expecting Relief from Labor Shortage and Long-term Employment Effects through Employment Retention Support for SMEs and Youth... Companies Receive 2 Million KRW Hiring Incentive, Youth Receive 1 Million KRW Employment Support Aligned with Payment Timing

[Asia Economy Reporter Jongil Park] Dongjak-gu (Mayor Changwoo Lee) will implement the "2021 Dongjak-gu Youth Tomorrow Filling Deduction" (hereinafter referred to as Filling Deduction) until December.

The Filling Deduction is a system that provides hiring incentives to small and medium-sized enterprises located in Dongjak-gu when they hire local youth residents, and provides retention support funds to young workers. It was established to resolve labor shortages caused by the prolonged COVID-19 pandemic and to help youth employment and long-term retention.

Last year, the district also implemented the Filling Deduction, supporting a total of 30 million KRW to 13 companies and 16 youths, achieving a result where 15 out of 16 employed youths maintained long-term employment.

The Filling Deduction support targets are small and medium-sized enterprises within the region that have not subscribed to the Ministry of Employment and Labor's Youth Tomorrow Filling Deduction, and youths aged 15 to 34 (up to 39 for those who have completed military service) with an address in Dongjak-gu.

Companies or youths wishing to apply must submit the application form and supporting documents within 6 months from the date of regular employment to the Job Policy Division (161 Jangseungbaegi-ro, Dongjak-gu) by visiting, mail, or email to the person in charge (pyjin18@dongjak.go.kr).

After applying for the Filling Deduction, companies will receive a hiring incentive of 2 million KRW, and youths will receive a retention support fund of 1 million KRW, which will be paid in installments after confirming eligibility at 1, 6, and 12 months from the date of employment.

For more details, please contact the Job Policy Division of Dongjak-gu Office.

Yoon Soyeon, head of the Job Policy Division, said, "Through this project, we hope to help local small and medium-sized enterprises suffering from labor shortages due to the prolonged COVID-19 pandemic and revitalize the local economy through youth employment stability," and added, "We encourage many interested companies and youths to participate."

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