Promotion of Welfare Support Fund Project for Young Employees in Small and Medium Enterprises in Jinju City
Quarterly Payment of 300,000 KRW in 4 Installments to 500 Employed Youth
[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Jinju City, Gyeongnam Province announced that it will recruit 500 participants for the ‘Welfare Support Fund for Youth Employed in Small and Medium Enterprises’ from the 16th to the 30th.
This project is the first of its kind in the province, aimed at promoting the stability of young workers' lives by providing welfare support funds to young employees working at small and medium-sized enterprises and small business owners within the city.
The city is publicly recruiting 500 eligible recipients this year.
The eligibility criteria are young people aged between 18 and 39 who have been working at companies located in Jinju City for more than 40 hours per week and have been employed for over 3 months, with a monthly salary of 2.5 million KRW or less (average health insurance premium of 85,750 KRW or less over the past 3 months), and who are enrolled in the four major social insurances.
Eligible recipients will receive welfare support funds in the form of mobile Jinju Love Gift Certificates worth up to 1.2 million KRW annually, distributed four times a year (300,000 KRW quarterly).
This year, two payments will be made in August and November, and the remaining two payments will be made in 2022.
Interested young workers can apply online through the Jinju City Hall website (Notices/Announcements) by the 30th, and support will be provided after screening. For inquiries, contact the Youth Employment Team of the Jinju City Job Economy Division.
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Jinju Mayor Jo Gyu-il stated, “I hope this Welfare Support Fund for Youth Employed in Small and Medium Enterprises will help stabilize the lives of young workers, and through the provision of Jinju Love Gift Certificates, it is expected to contribute to revitalizing the local economy.”
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