Gyeonggi-do to Provide 4.8 Million KRW 'Earned Income Tax Credit' Over 2 Years to Young SME Workers

Gyeonggi Provincial Government Gwanggyo New Office Building

Gyeonggi Province will provide a work incentive of up to 4.8 million KRW over two years to young workers in small and medium-sized enterprises (SMEs).

On the 30th, Gyeonggi Province announced that it will recruit 3,700 participants for the first round of the 'Support Project for Young Workers in SMEs' from the 1st to the 15th of next month.

The eligible recipients are young residents of Gyeonggi Province aged 18 to 34 who work at least 36 hours per week at SMEs within the province and earn a monthly salary of 3.1 million KRW or less.

The province will provide selected young workers with a work incentive of 600,000 KRW quarterly for two years, up to a maximum of 4.8 million KRW, paid in local currency.

Applications can be submitted online through the Young Workers Support Project website (http://youth.jobaba.net).

Selection of recipients will be based on applicants’ monthly salary (health insurance premium), with those earning less prioritized. In case of ties, factors such as length of employment and duration of residence in Gyeonggi Province will be considered.

The final selected participants will be announced on June 16 through the application website.

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