Incheon TP Supports Enhancing Competitiveness of Root Industry... Provides Employment Incentive Grants

Incheon Technopark (Incheon TP) announced on the 11th that it will spend 1.462 billion KRW to implement the 'Preemptive Employment Stability Package Support Project' to help improve the competitiveness of root companies.

This project is divided into three parts: ▲Support for root companies' hiring incentives ▲Support for leading and modular root industry companies ▲Support for on-site problem-solving based on large, medium, and small cooperation models. It is supported together with the Ministry of Employment and Labor and Incheon City.

Incheon TP provides a hiring incentive of 2 million KRW per month per person for three months to companies that hire workers in crisis to help stabilize employment at Incheon root companies. An additional hiring incentive of 1 million KRW is paid upon five months of full attendance.

In addition, to help companies create conditions for new employee employment, up to 30 million KRW per company is supported for commercialization costs such as prototype production and labor environment improvement.

Furthermore, through cooperation with large companies and government-affiliated corporate support organizations, solutions will be introduced to help root companies secure technological competitiveness and lead employment creation. About 12 companies will be selected and supported with up to 30 million KRW.

Applications for support can be submitted through the business support information provision site BizOK by the 25th.

An Incheon TP official said, "The root industry, which is the foundation of manufacturing quality competitiveness in process technology fields such as casting, mold, plastic working, welding, surface treatment, and heat treatment, is suffering from chronic labor shortages," and added, "We will provide various supports to improve companies' competitiveness, including employment stability."

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