If Hiring New Young Employees, Up to 40 Million KRW... Incheon City Supports Work Environment Improvement Costs

Incheon City announced on the 15th that it will support 44 small and medium-sized enterprises (SMEs) and mid-sized companies that newly hired young workers with funds to improve working conditions.

The support targets small and mid-sized manufacturing companies in Incheon with five or more regular employees, which have hired at least two young workers from Incheon in the past year for SMEs, and at least eight for mid-sized companies.

Companies selected for support can receive up to 40 million KRW for facility renovation costs and purchasing items to improve the work environment, depending on the number of newly hired young workers. Companies wishing to participate in the working environment improvement project can apply on the Incheon BizOK website.

Improved Working Environment by Outstanding Youth Employment Companies Last Year
[Photo provided by Incheon City]

As the job mismatch phenomenon between young people and SMEs intensifies, outdated facilities and poor working conditions within companies are cited as major reasons why young people avoid SMEs.

Accordingly, the city supports companies with a record of newly hiring young workers by providing funds to improve working conditions to create a better environment for young people to work and to resolve factors causing avoidance of small and medium manufacturing businesses.

Since the project started in 2018, 315 small and mid-sized companies in Incheon have newly hired about 1,700 young workers and improved their working environments.

An official from Incheon City said, "We will support young people to work in a pleasant workplace environment," adding, "We hope this project will help revitalize youth employment in the region and improve the quality of life for young people."

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