Gyeongnam Province Secures 19.7 Billion KRW in National Funding for Job Creation Projects, the Highest Nationwide

4 Projects by Sector, 8,325 Applicants

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Seryeong] Gyeongsangnam-do announced on the 22nd that it secured the largest amount of national funding in the country, 19.76 billion KRW, in the Ministry of Employment and Labor’s nationwide contest for the ‘Regional and Industry Customized Job Creation Support Project.’

According to Gyeongsangnam-do, this amount accounts for 16% of the nationwide total of 123.3 billion KRW and represents a 113% increase compared to last year’s secured amount of 9.27 billion KRW.

Gyeongnam Provincial Government Office.
Photo by Lee Seryeong

This contest project aims to create jobs tailored to the characteristics of each city and province and to proactively respond to regional employment crises. It operates workforce support programs such as new and reemployment support and training for current employees.

The project is composed of four types of initiatives according to their purpose and support content: the Employment Stability Proactive Response Package Support Project, the Regional Plus Job Project, the Regional Employment Crisis Response Support Project, and the Regional Innovation Project.

National budget secured for each project within the Regional and Industry Customized Job Creation Support Project. [Data provided by Gyeongnam Provincial Government]

The province evaluated that securing this national funding will lay the foundation for the revival of key industries by focusing support on employment crisis industries such as shipbuilding.

Along with the national funding, it secured a total project budget of 24.7 billion KRW, including 4.94 billion KRW in local government funds, and plans to support the creation of 4,954 new jobs and the maintenance of employment for 3,371 current employees across the four sector-specific projects.

No Young-sik, Director of the Economic and Enterprise Bureau, said, “We will do our best to ensure that all four projects are implemented solidly to overcome the long-term crisis of regional key industries, create jobs for youth and middle-aged residents in the province, and strengthen employment stability for current employees.” He added, “Next year, we will take the lead in preparing many workforce support measures centered on field demand so that they can be reflected in government policies.”

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