Gyeongsangnam-do Provides Generous Support to Migrant Youth... Activating Youth Influx

[Asia Economy Yeongnam Reporting Headquarters Reporter Ju Cheol-in] Gyeongsangnam-do and the Gyeongnam Economic Promotion Agency announced on the 21st that they are recruiting companies or participants to take part in the '2022 Gyeongnam Returning Youth Happy Job Connection Project.'

Generous support for youth working in Gyeongnam

This project is one of the Ministry of the Interior and Safety's region-led youth job projects and is being implemented for the first time this year.

It aims to support regional settlement and revitalize youth inflow by connecting jobs between promising small and medium-sized enterprises (SMEs) in the province and young people from other cities and provinces who wish to move to Gyeongnam.

SMEs in the province that hire youth aged 18 to 39 residing in other cities or provinces can apply. Participating companies will receive up to KRW 24 million per person annually in labor cost support for up to two years.

Youth who have relocated from other cities or provinces and worked for more than six months will receive a retention incentive of KRW 1.5 million and a relocation support fund of KRW 4.5 million.

After the two-year support period ends, if the youth hired through this project maintain (convert to) regular employment at the same workplace or settle by obtaining regular employment or starting a business at another workplace in the province, an additional incentive of up to KRW 10 million will be provided. This year, the number of youth selected by city and county is 3 in Tongyeong-si, 8 in Geoje-si, and 3 in Uiryeong-gun.

Kim Chang-deok, Director of the Job Economy Division of Gyeongsangnam-do, said, “The Gyeongnam Returning Youth Happy Job Connection Project, aimed at revitalizing the settlement of youth from other cities and provinces in the Gyeongnam region, is expected to help resolve the recruitment difficulties of local companies and activate the regional economy.”

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