Daejeon City Selected for Employment Ministry Support Project, Secures 3.9 Billion KRW in National Funding

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City has been selected for the Ministry of Employment and Labor's 'Regional and Industry Customized Job Creation Support Project' and will receive a total of 3.92 billion KRW in national funding this year.

The city announced on the 30th that two additional projects, including the Women-Friendly Company Work Environment Support Project and the Regional Industry Development and Job Creation Project through Commercialization Service Support, were selected in the Ministry of Employment and Labor's contest and will be fully launched starting next month.

The Regional and Industry Customized Job Creation Project is promoted to respond to changes in the region's industrial structure and restructuring of key industries by utilizing various human and material resources to create jobs and improve job quality.

Earlier, in the first contest held in February, the city achieved the selection of 10 projects under 3 regional innovation projects.

The selected projects include ▲support for companies to foster high-tech companies and create youth jobs ▲support for in-house venture startups in Daedeok Innopolis ▲establishment of a regional trading network to activate local sourcing in high-tech industries ▲industry-led Ontong UP (業) integrated job support project, which have been underway since March. These projects have received 3.29 billion KRW in national funding.

With the recent addition of two projects in the second contest, the total national funding the city will receive has increased to 3.92 billion KRW.

This amount is 780 million KRW (25%↑) more than the national funding secured last year (3.13 billion KRW). With the increased funding, the city plans to promote job projects aiming to create jobs for 785 people, support 136 companies, and foster 23 new startups in cooperation with the Daejeon Regional Human Resources Development Committee.

Im Muk, Director of the Job Economy Bureau of the city, said, "Daejeon has secured the largest amount of national funding among special and metropolitan cities with two additional projects selected in the recent Ministry of Employment and Labor contest." He added, "The city will continue to create quality jobs tailored to regional characteristics to stabilize employment and revitalize the local economy."

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