Busan City Invests 12 Billion KRW to Create 2,215 Customized Jobs

Selected for Regional and Industry-Specific Job Creation Support Project

Job Project for Employment Stabilization and Industrial Growth in the Mechanical Parts Industry

Busan City has been selected for the ‘2023 Regional and Industry Customized Job Creation Support Project’ organized by the Ministry of Employment and Labor, securing a total of 9.6 billion KRW in national funding. Including city funds, a total of 12 billion KRW will be invested to actively create 2,215 ‘Busan-customized’ jobs.

Busan City Hall.

The ‘Regional and Industry Customized Job Creation Support Project’ is a job policy project led by local governments to discover and promote job projects tailored to regional and industrial conditions. This year, Busan City was finally selected for three projects, including the newly launched ▲‘Regional Plus Job Project,’ ▲‘Employment Stability Preemptive Response Package Support Project,’ and ▲‘Regional Innovation Project,’ planning to implement a comprehensive job project worth a total of 12 billion KRW combining national and city funds.

▲Regional Plus Job Project: Budget 2.25 billion KRW, Job creation 380 people

Having been finally selected for the newly launched ‘Regional Plus Job Project’ this year, Busan secured 1.8 billion KRW in national funding to provide focused support for industries facing recruitment difficulties.

This project selects and preferentially supports industries with concentrated recruitment difficulties by linking central government job projects according to the employment situation and labor demand of each local government.

Busan City will promote the Naeil Chaeum Deduction project for employees and the Job Leap Incentive project to encourage employment creation by companies, focusing on resolving recruitment difficulties in two industrial sectors: shipbuilding and equipment, and tourism and MICE.

▲Employment Stability Preemptive Response Package Support Project: Budget 6.95 billion KRW, Job creation 1,171 people

To stabilize employment and revitalize the machinery parts industry in the western Busan area, a manufacturing hub, Busan secured 5.56 billion KRW in national funding to implement the ‘Employment Stability Preemptive Response Package Support Project.’ Selected in 2021 and now entering its third year, this project consists of nine detailed sub-projects, including employment linkage services for employment stability in the western Busan area, corporate support for the advancement and new growth commercialization of the machinery parts industry, and customized education and training.

▲Regional Innovation Project: Budget 2.85 billion KRW, Job creation 664 people

To support job creation linked to the growth, advancement, and high-tech development of Busan’s key industries, Busan secured 2.28 billion KRW in national funding to promote the ‘Regional Innovation Project.’

First selected in 2016, this project is now entering the first year of a new four-year phase. This year, it consists of eight detailed sub-projects that create jobs aligned with the growth trends and development directions of Busan’s representative industries such as footwear, marine, and seafood food industries. It also supports employment services for Busan’s technology startup companies’ growth and advancement, as well as for the information and communication (IT) and tourism service industries in the eastern Busan area.

The city plans to officially launch the project in March, starting with the signing of an agreement with the Ministry of Employment and Labor on the 28th. It will make every effort to implement the project by comprehensively setting policy directions to improve the Busan job market, including employment stabilization in the western Busan machinery parts industry, job creation support linked to new regional industrial growth, and smooth labor supply and demand in Busan’s key industries such as shipbuilding equipment and tourism MICE sectors.

Mayor Park Hyung-jun stated, “In a situation where economic slowdown and employment instability continue, we will steadily promote the project to overcome the crisis of regional key industries and support the rapid employment of job seekers.” He added, “In particular, we will actively work to resolve Busan’s job mismatch by supplying manpower to industries struggling with recruitment difficulties and connecting job seekers with quality jobs tailored to the characteristics of each industry.”

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