What Is Contained in the 1-Minute Video That Overcame a 12-to-1 Competition Ratio?

Short-Form Contest Awards Ceremony Celebrating 800,000 Participants in Naeilchaeum Gongje Program

[Asia Economy Reporter Kim Cheol-hyun] The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 29th that it held an awards ceremony for the 'Short-form Video Contest' commemorating the 8th anniversary of the Naeil Chaeum Deduction reaching 800,000 cumulative subscribers at the Small and Medium Business Distribution Center in Mok-dong, Seoul.

The Naeil Chaeum Deduction, operated since 2014 by the Ministry of SMEs and Startups (Minister Lee Young), the Ministry of Employment and Labor (Minister Lee Jeong-sik), and SBC, is a system where small and medium venture companies and workers jointly save a fixed amount monthly for 2 to 5 years, and upon maturity, the entire accumulated amount is paid to the worker. Workers gain opportunities for long-term employment and lump-sum savings, while companies benefit from stable retention of excellent personnel, improving productivity and competitiveness.

A total of 129 works were submitted for this contest, which ran until the 5th of this month, and 11 winning works were selected through evaluation by external expert judges. The grand prize was awarded to 'Chaeumman,' a submission by a deduction subscriber that clearly expressed the features and benefits of the Naeil Chaeum Deduction in an infographic format. The excellence award, merit award, popularity award, and encouragement award were each selected with two teams from deduction subscribers and the general public, respectively, and the winning works will be used to promote the Naeil Chaeum Deduction project next year.

Jo Han-gyo, Head of the Job Division at SBC, said, "The Youth Employee Naeil Chaeum Deduction Plus, launching newly next year, reflects subscribers' opinions by shortening the maturity period to 3 years and structuring contributions of 6 million KRW each from youth, companies, and the government, totaling 18 million KRW." He added, "SBC will continue to discover customized deduction products to not only encourage long-term employment of workers in small and medium ventures but also contribute to narrowing the wage gap between large and small-medium enterprises."

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