Announcement for Application to the 'Small and Medium Enterprise Cooperative Specialized Workforce Support Project'

Support for Specialized Workforce Costs for Cooperatives' Joint Projects
Applications Accepted Until the 21st

The Korea Federation of SMEs announced on the 16th that it is recruiting cooperatives to participate in the 'Cooperative Specialized Workforce Support Project' to revitalize joint projects of small and medium-sized enterprise (SME) cooperatives.

This project supports the labor costs of specialized personnel newly hired by SME cooperatives to promote joint projects. Eligible applicants are SME cooperatives established under the SME Cooperative Act, and cooperatives selected through the procedure will receive support for 70% of the monthly labor cost, up to 2 million KRW per person, for one person per cooperative for one year from the initial hiring date within the budget.

Additionally, cooperatives that received support for specialized personnel last year can apply for an extension of the support period, and if selected through re-evaluation, they will receive 50% of the monthly labor cost in the second year.

This project is implemented in accordance with the Ministry of SMEs and Startups' '3rd Three-Year Plan for Revitalizing SME Cooperatives,' and plans to invest a total budget of 940 million KRW, the same as last year, to support specialized personnel for joint projects in SME cooperatives.

The hired specialized personnel will complete training courses provided by the Federation on the operation of SME cooperatives and the establishment of joint project strategies, and will perform roles such as planning, execution, performance management, and network building of joint projects.

Last year, the Federation supported 88 specialized personnel in a total of 87 cooperatives. Jin-Hyung Cho, Head of the Cooperative Division at the Korea Federation of SMEs, said, “The specialized workforce support project is a fundamental and essential program that supports specialized personnel for the promotion of joint projects in cooperatives,” adding, “We expect it to greatly help cooperatives with weak joint project foundations and to revitalize joint projects.”

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