Gyeongbuk Province and Korea Hydro & Nuclear Power Sign MOU for Cooperation in Youth Entrepreneurship and Job Creation

Donation of 200 Million KRW for Youth Startups and Housing Improvement Project for Descendants of Independence Activists

Employees of Korea Hydro & Nuclear Power Wolsong Nuclear Power Headquarters visited an orchard in Gyeongju, Gyeongsangbuk-do, where agricultural product harvesting was abandoned due to a COVID-19 confirmed case, and took a commemorative photo after harvesting peaches on June 30.
[Image source=Yonhap News]

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Gyeongsangbuk-do and Korea Hydro & Nuclear Power (KHNP) will sign a win-win growth business agreement at 3:30 PM on the 12th in the Sarim Room of the provincial government office to revitalize the local economy, which has been stagnant due to COVID-19, and to foster young talent and create jobs.

The main contents of this agreement include ▲ discovering and nurturing young entrepreneurs in Gyeongbuk and supporting their market access ▲ supporting housing improvement projects for descendants of independence activists ▲ cooperation for win-win growth of small and medium-sized enterprises (SMEs) and activation of social economy enterprises in the province ▲ development and fostering of projects to increase residents' income in the province ▲ local job creation and employment support.

To this end, KHNP, headquartered in Gyeongju City, will provide 200 million KRW in project funds through the Gyeongbuk Community Chest of Korea to support youth entrepreneurship projects aimed at attracting and settling young people in the province this year, as well as improving the housing environment for descendants of independence activists.

In addition, to revitalize the social economy, KHNP will actively cooperate with the Gyeongbuk-type social venture activation project promoted by Gyeongsangbuk-do, and plans to take the lead in nurturing local talent by expanding local youth recruitment in experiential internship programs to induce the inflow of young people.

Governor Lee Cheol-woo stated, "Through today's agreement, I hope it will become a driving force for Gyeongbuk to overcome the crisis and take a leap forward by creating new jobs in the region, helping neighbors in need, supporting the growth of local SMEs, and collaborating in various fields."

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