Icheon City to Provide Retention Incentives for Young SME Workers

Up to 3 Million KRW Provided in Local Currency
Incentive Program to Encourage Young Workers to Stay at SMEs in Icheon

Icheon City in Gyeonggi Province will be recruiting participants for the "SME Young Worker Retention Incentive Program," which aims to encourage young people to stay longer at small and medium-sized enterprises, from September 8 to October 2.

This program, established by the city to help young people settle in the region and to address recruitment challenges faced by SMEs, is implemented in two rounds: the first and second half of the year.

Eligibility requirements are as follows: ▲ Young people aged 19 to 35 residing in Icheon City ▲ Employees of local SMEs who are enrolled in the four major social insurances and work at least 36 hours per week ▲ Those whose average monthly income over the past three months is 3,589,000 KRW or less (with health insurance premiums of 127,230 KRW or less).

The support amount is up to 3 million KRW per person, provided in the Icheon Love Local Currency, for those who work for at least one year. After six months of employment at an SME, the first payment of 1 million KRW is made, and if the individual stays with the same company for one year or more, an additional 2 million KRW is provided.

The city plans to select about 40 participants based on document screening and eligibility review, prioritizing those with lower incomes. Young people wishing to participate can apply through the Gyeonggi-do Integrated Application System, "Jobaba Apply." For more details, please refer to the Icheon City website or contact the Youth Support Team at the Youth and Child Division of the city.

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