Gyeongbuk Province Provides 1.6 Million KRW Monthly Wage Support to SMEs Hiring High School Graduate Youth

'High School Graduate Youth Hope Saridi Project' Program ... 24 Selected This Year, Supported for Up to 2 Years

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongwook Park] Gyeongsangbuk-do announced on the 15th that it will implement the 'High School Graduate Youth Hope Ladder Project,' which supports labor costs for small and medium-sized enterprises newly hiring young workers.

This project, conducted as part of the Ministry of the Interior and Safety's region-led youth job project, is a program that supports labor costs for companies that newly hire unemployed youth under the age of 39 whose highest education level is high school or recognized as equivalent.

The recruitment period for participating companies is from the 15th to the 26th. The recruitment scale is 24 unemployed youth, with support available for up to 2 per participating company. Applications can be submitted to the Gyeongsangbuk-do Economic Promotion Agency.

Companies selected as support recipients will receive labor cost support of 1.6 million KRW per month for newly hired young workers for up to 24 months. Employed youth will also receive job competency enhancement training and networking support.

Last year, 49 companies and 57 youth received support. The program was evaluated as contributing to alleviating job mismatch by opening more opportunities for outstanding high school graduates and promoting the hiring of high school graduate youth.

Park Si-gyun, Youth Policy Officer of Gyeongbuk Province, stated, "We expect to revitalize the employment market, which has become more difficult due to COVID-19, by minimizing the hiring burden on companies through practical wage support."

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