Gyeonggi Province Provides Chuseok Welfare Benefits of 400,000 Won to 463 SME Workers in Yangju City

Province Distributes Welfare Benefits Through First Gyeonggi Joint Employee Welfare Fund
Easing Household Burdens and Boosting the Local Economy
Pilot Program in Yangju City to Expand Province-wide

In anticipation of the Chuseok holiday, a time when living expenses typically increase, Gyeonggi Province provided 400,000 won in welfare benefits to each of 463 workers from small and medium-sized enterprises (SMEs) in Yangju City on September 30, aiming to support household stability for workers and boost local commercial activity.

Gyeonggi Provincial Government Building. Provided by Gyeonggi Province

The recipients were employees from 39 SMEs participating in the first Gyeonggi Joint Labor Welfare Fund. This marks the second round of support this year, following the initial distribution on Labor Day, May 1. The fund was established in March through an agreement among Gyeonggi Province, Yangju City, the Uijeongbu Employment and Labor Office, the Gyeonggi Northern Chamber of Commerce and Industry, and participating SMEs.

The welfare benefits were distributed in the form of Yangju City local currency, which can be used immediately at local stores, including traditional markets and neighborhood businesses.

Starting with the Yangju City initiative, the province plans to expand the Joint Labor Welfare Fund to other cities and counties, enabling more SME workers to benefit. Over the next five years, a fund totaling approximately 3.4 billion won, including government support, will be established. Welfare benefits will be provided on Labor Day and major holidays, with a focus on reducing welfare disparities and improving the quality of life for SME workers.

Hong Seongho, Director of the Labor Bureau, stated, "We expect that the welfare benefits provided ahead of Chuseok will help stabilize workers' livelihoods and, by distributing them as local currency, will also contribute to revitalizing the local economy. We will continue to do our utmost to encourage more SMEs and workers to participate in the fund."

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