Muan-gun, Additional Recruitment of Participating Companies for Youth Employment Retention Incentive Program

Support for Long-term Employment of Youth and Alleviation of Corporate Labor Shortage

Exterior view of Muan-gun Office (Photo by Muan-gun)

[Muan＝Asia Economy Honam Reporting Headquarters, Reporter Oh Hwan-joo] Muan-gun, Jeollanam-do (Governor Kim San) announced on the 22nd that it will additionally recruit companies participating in the Jeonnam Youth Retention Incentive Support Project until the 4th of next month.

The Jeonnam Youth Retention Incentive Support Project is a program aimed at promoting youth employment in regular positions and encouraging long-term retention to reduce the wage gap between large corporations and small and medium-sized enterprises. It provides support of up to 20 million KRW per person over four years (15 million KRW for youth, 5 million KRW for companies) to both companies and youth.

Eligible participants are companies located in Muan-gun with 5 to fewer than 300 insured employees under employment insurance, where youth workers aged 18 to 39 who have been employed for 1 to 4 years (hired between 2018 and 2021) are retained. However, agricultural, fishery, and agricultural corporation entities can participate regardless of the number of insured employees.

The county plans to select 11 supported companies and youth workers by September 3rd, evaluating factors such as enrollment in the four major social insurances, delinquency status, and overlap with similar projects.

Companies wishing to participate can visit the Future Growth Division at the county office with the application form and related documents posted on the county website or submit them by registered mail.

For inquiries, check the announcement posted on the county website or contact the Job Team of the Future Growth Division at Muan County Office for guidance related to the project.

Governor Kim San said, “We hope for much interest and participation in the Youth Incentive Support Project, which guarantees stable wages for local youth and helps small and medium-sized enterprises resolve labor shortages.”

Meanwhile, Muan-gun has been supporting youth incentives for 14 workers from five local companies selected in February.

Muan＝Asia Economy Honam Reporting Headquarters, Reporter Oh Hwan-joo ohj1358@asiae.co.kr

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