Ulju-gun Implements '2022 Good Job Creation Support Project Where People Are Hope'

Monthly Labor Cost Support of 300,000 KRW per New Employee for 24 Months

Ulju County Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Ulju-gun, Gyeongnam Province, is implementing the ‘2022 Good Job Creation Support Project Where People Are Hope’ to reduce the labor cost burden on companies and create employment through support funds for hiring residents by providing incentives when local small and medium-sized enterprises newly hire residents as regular employees.

The support target is sound small and medium-sized enterprises (manufacturing) with business sites in the area and at least 5 regular employees registered for employment insurance, who must maintain employment for more than 2 years after newly hiring residents as regular employees.

If the target company meets the eligibility requirements, applies for the support project, and receives approval from Ulju-gun, it can receive labor cost support of 300,000 KRW per newly hired employee per month for 24 months.

This support project has been implemented since 2017 and has helped respond to the employment crisis of local small and medium-sized enterprises severely affected by the recent economic downturn due to the COVID-19 situation. In particular, in 2021, 92 companies received support, resulting in the creation of 265 new jobs.

Especially, the county recently revised guidelines to allow subscribers of the Ministry of Employment and Labor’s youth asset formation support project, ‘Youth Tomorrow Filling Deduction (Cheongnyeon Naeil Chaeum Gongje)’, to be eligible for support to help young people find employment in sound local small and medium-sized enterprises.

An official from Ulju-gun said, “We will do our best to continuously support mutually beneficial employment services to stabilize residents’ employment and resolve manpower shortages in small and medium-sized enterprises so that the local economy can be revitalized.”

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