Gyeonggi-do Supports Social Enterprises with 'Labor Costs and Social Insurance Fees'... Recruiting Participating Companies

Gyeonggi Province is publicly recruiting preliminary social enterprises and certified social enterprises to participate in the financial support project until the 4th of next month.

On the 16th, Gyeonggi Province announced that it will promote the financial support project, which provides wage support for up to 30 employees until the end of December this year, divided into two sectors: 'job creation' and 'social insurance premiums,' and is calling for participating companies.

Selected companies will receive support of 40% of the minimum wage for certified social enterprises and 50% for preliminary social enterprises.

Additionally, when employing workers from vulnerable groups, companies will receive an additional 20-30% support, and if they maintain employment of workers hired through last year's job creation support project until the start of this year's project, they will receive an additional 20% support. However, the maximum support rate cannot exceed 90%.

Gyeonggi Provincial Government

Companies wishing to participate in the financial support project can submit their application forms and required documents through the Social Enterprise Integrated Information System (seis.or.kr).

Gyeonggi Province will announce the selection results at the end of March and notify individual companies through the relevant city or county offices.

Meanwhile, as a response to the central government's suspension of financial support for social enterprises in 2023, Gyeonggi Province, starting in 2024, is organizing a budget with 50% from the provincial government and 50% from city and county governments with the cooperation of the Gyeonggi Provincial Council and local governments, and is promoting financial support projects to create a continuous and stable revenue structure for social enterprises.

Among the total of 365 companies supported by Gyeonggi Province's own projects last year, 187 companies received 4.2 billion KRW for wages, and 178 companies received 3.8 billion KRW for social insurance premiums.

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