InnoBiz Association Receives Minister of Employment Award... "Leading Job Creation"

Employees of the Innobiz Association are posing for a commemorative photo after receiving the Minister of Employment and Labor Award.
[Photo by Innobiz Association]

[Asia Economy Reporter Junhyung Lee] The Inno-Biz Association announced on the 3rd that it received a commendation from the Minister of Employment and Labor on the 30th of last month for its contribution to revitalizing youth employment support.

Among the 168 nationwide Youth Tomorrow Employment Deduction operating institutions, the Inno-Biz Association is the only private organization to have received the Minister of Employment and Labor Award last year. The Youth Tomorrow Employment Deduction is a program jointly operated by the Ministry of Employment and Labor and the Ministry of SMEs and Startups to encourage long-term employment of young people hired as regular employees in small and medium-sized enterprises. The youth, companies, and government jointly accumulate deduction funds and pay maturity deductions as performance rewards to youth who have worked continuously for 2 to 3 years.

The association operates the Youth Tomorrow Employment Deduction by identifying participants mainly among 'Inno-Biz companies,' which are excellent technology innovation companies. According to the association, it was recognized for its contribution to inducing excellent information technology (IT) and software (SW) companies in the Seongnam and Pangyo areas to adopt the Youth Tomorrow Employment Deduction in cooperation with the Seongnam Employment and Labor Office of the Ministry of Employment and Labor.

In addition to the Youth Tomorrow Employment Deduction, the association operates government job projects on consignment, such as ▲Youth Digital Jobs and ▲Youth Incumbent Tomorrow Employment Deduction, to support job transitions and workforce development. It differentiated its services from other institutions by independently developing, operating, and distributing systems that enhance convenience for participating companies.

Furthermore, the association has been selected as an excellent employment service institution by the Ministry of Employment and Labor for three consecutive times since 2015. In 2015, it received the Presidential Commendation in the government awards category for job creation merit organizations.

This year, the association plans to rename the Job Support Headquarters to the Job Creation Headquarters and focus on identifying and resolving recruitment-related difficulties of Inno-Biz companies and member companies. To this end, it will operate on consignment new projects such as the Youth Leap Job Incentive program newly promoted by the Ministry of Employment and Labor.

Im Byunghoon, president of the Inno-Biz Association, said, "The driving force to maintain and grow companies starts with securing excellent talent," adding, "We will take the lead in support activities that help innovative companies create new jobs and transition to knowledge workers in line with the acceleration of digital transformation."

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