Jungjinkong, Recruiting Collaborative Institutions for Win-Win Cooperation Type Mutual Aid... Strengthening Employment Safety Net for SMEs

For Nationwide Local Governments, Large Corporations, Mid-sized Companies, and Public Institutions

[Asia Economy Reporter Kim Cheol-hyun] The Ministry of SMEs and Startups (Minister Lee Young) and the Korea SMEs and Startups Agency (Chairman Kim Hak-do, hereinafter referred to as KOSME) announced on the 1st that they are recruiting collaborative institutions for the strategic industry-specialized win-win cooperation type mutual aid.

The win-win cooperation type mutual aid is a collaborative model in which KOSME jointly supports the burden of companies participating in the Tomorrow Filling Mutual Aid with local governments, large corporations, mid-sized companies, and public institutions to reduce the burden on SMEs and startups and contribute to mutual growth. KOSME plans to support strengthening competitiveness by inducing the inflow of excellent personnel and long-term retention of companies engaged in new government core strategic industries such as semiconductors together with collaborative institutions.

The eligible companies are SMEs and startups that have a cooperative relationship with the collaborative institution or are located within the jurisdictional area and operate in innovative growth sectors such as semiconductors or regional specialized industries. KOSME will support up to 50% of the company’s burden for two years from the date of the new mutual aid contract.

The collaborative institution can support the remaining half to exempt the company’s burden or add to the existing Tomorrow Filling Mutual Aid payments to enhance the benefits that workers can receive, and can discuss the support method with KOSME. The eligible mutual aid products are the general Tomorrow Filling Mutual Aid and the youth-linked Tomorrow Filling Mutual Aid.

Detailed information such as the announcement related to participation applications and application documents can be found on the KOSME website, and the application deadline is until the 11th of this month. After the deadline, the final collaborative institutions and support scale will be decided through a selection committee composed of internal and external experts.

Ahn Jeong-gon, Head of the Job Division at KOSME, said, "Since 2015, a total of 60 institutions have participated in strengthening the employment safety net of partner companies through the win-win cooperation type mutual aid," adding, "We will continue to do our best so that the public, private, and public sectors can continuously collaborate to improve the quality of jobs for SMEs and startups and create social value."

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