Monthly Subsidy of 500,000 KRW Provided to Small Businesses Employing Residents of Geumcheon-gu

Since October last year, Geumcheon-gu small businesses hiring residents aged 36 and over receive 500,000 KRW per employee per month (up to 3,000,000 KRW)

Geumcheon-gu (Mayor Yu Seong-hoon) announced that it will provide a 'Resident Employment Subsidy' to small and medium-sized enterprises (SMEs) that hire local residents.

Geumcheon-gu will pay the Resident Employment Subsidy to SMEs located in Geumcheon-gu (with three or more employees) that hire residents aged 36 or older as regular employees and maintain their employment for three months.

The subsidy is 500,000 KRW per employee per month, and companies can receive up to 3,000,000 KRW for a maximum of six months. However, the number of employees supported per company is limited to two.

Eligible companies can apply for the Resident Employment Subsidy when hiring new employees. Applicants need to complete documents such as the application form and subsidy support agreement and visit the Job and Youth Division at the district office.

Applications can also be submitted via email. The Resident Employment Subsidy program will end early once the budget (90 million KRW) is exhausted.

Yu Seong-hoon, Mayor of Geumcheon-gu, stated, “We hope the Resident Employment Subsidy policy will increase employment opportunities for residents and help revitalize the local economy.”

For detailed information on eligibility and application methods, please check the ‘Geumcheon News’ section on the Geumcheon-gu Office website or contact the Job and Youth Division at Geumcheon-gu Office for assistance.

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