Ministry of the Interior and Safety Invests 238.8 Billion KRW in Region-Led Youth Job Project... Creates 26,000 Jobs

Anyone Unemployed Under Age 39 Can Apply

[Asia Economy Reporter Lim Cheol-young] The Ministry of the Interior and Safety announced on the 9th that it will invest 238.8 billion KRW of national funds in the '2022 Local Government-Led Youth Job Project' to create 26,000 local youth jobs.

The Local Government-Led Youth Job Project has been implemented since 2018, with the first phase carried out over four years until 2021. It created 117,000 youth jobs, achieving 133% of the initial target of 88,000. The satisfaction rate of youth participating in the project averaged 93.1% over four years, indicating that the majority of participating youth were satisfied. According to research by the Korea Institute of Local Administration, the local job support in 2020 generated various induced effects, including 571.8 billion KRW in local production, 240.4 billion KRW in added value, and 4,745 jobs re-created.

Based on these achievements, the Ministry of the Interior and Safety will collaborate with local governments to promote the second phase of the Local Government-Led Youth Job Project from this year through 2024. Reflecting local demand this year, three new types?▲ Regional Innovation Type ▲ Win-Win Response Type ▲ Regional Inclusion Type?will be established, and performance management of the project will be further strengthened to create 26,000 youth jobs.

Meanwhile, the Ministry completed the selection of 969 detailed projects to be implemented this year through a local government competition last year. Participation in the project is possible through local governments, and participants residing in other regions must move to the relevant local government and maintain resident registration within one to three months from the time they are selected and notified as participants.

Going forward, the Ministry of the Interior and Safety plans to actively resolve difficulties by identifying issues through regular on-site inspections and consulting to help youth participating in the support project settle stably in the region.

Minister Jeon Hae-cheol stated, “Through the Local Government-Led Youth Job Project, we will support the inflow of youth into regions struggling with population decline and youth outflow,” adding, “We hope a virtuous cycle structure that provides stable jobs to companies and youth and revitalizes the local economy will be continuously established.”

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