Gokseong-gun, Youth Employment Retention Incentive of 20 Million Won Over 4 Years

For Local Residents Aged 18 to 39 Employed in Small and Medium Enterprises

[Gokseong=Asia Economy Honam Reporting Headquarters, Reporter Cha Jong-seon] Jeonnam Gokseong-gun announced that it is recruiting companies to participate in the Youth Retention Incentive Program until March 11.

The retention incentive refers to providing a certain amount of support to youth and companies to encourage long-term employment of young people and to expand regular job positions in companies.

Youth eligible for the program are those aged 18 to 39 who are employed by small and medium-sized enterprises and have an address within the region.

Eligible companies are those located in the region with 5 to fewer than 300 employees insured under employment insurance.

The support period is a total of 4 years, and the amount of support varies by year.

Youth employees can receive 3 million KRW per year for the 1st and 2nd years, 4 million KRW for the 3rd year, and 5 million KRW for the 4th year.

Companies employing youth receive 2 million KRW in the 1st year and 1.5 million KRW annually for the 2nd and 3rd years. The total amount supported over 4 years for youth and companies reaches 20 million KRW (15 million KRW for youth, 5 million KRW for companies).

Gokseong-gun plans to recruit 8 participants in the 1st year, 3 in the 2nd year, 5 in the 3rd year, and 4 in the 4th year this year.

The year of regular employment is calculated based on the year of employment insurance enrollment, with those hired as regular employees in 2022 corresponding to the 1st year.

Companies that participated in the 1st to 3rd years of the 2021 Jeonnam Youth Retention Incentive Program must submit an application form again if they wish to participate in the 2nd to 4th years of this year's program.

To apply, companies must visit the Population Policy Team of Gokseong-gun in person by March 11.

A county official stated, “Applicants must submit the application form, company evaluation report, business commencement confirmation documents, business registration certificate, financial statements for the past two years, employment status verification documents, national and local tax payment certificates, employment contracts, and employee resident registration abstracts.”

Gokseong=Asia Economy Honam Reporting Headquarters, Reporter Cha Jong-seon cha6960@asiae.co.kr

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