The Ansan Chamber of Commerce has announced that the funding for the 2026 Youth Employment Promotion Grant is rapidly depleting, urging companies in the Ansan and Siheung areas to apply promptly.
According to the chamber on September 30, the Youth Employment Promotion Grant is a program commissioned by the Ministry of Employment and Labor, designed to assist young people in securing jobs and ensuring long-term employment while alleviating the labor cost burden for companies hiring youth.
Eligible companies that hire individuals under the age of 34 can receive up to 600,000 won per month, totaling a maximum of 7.2 million won over one year.
The chamber noted that the allocated funding for the 2026 program is being exhausted quickly, and companies interested in applying should check the remaining funds and submit their applications without delay.
It is particularly important for companies that have hired youth this year, as well as those planning to hire youth within the year, to verify the eligibility criteria and application details in advance.
Once the allocated funding is exhausted, applications may no longer be accepted, so companies should assess their hiring timelines to determine their eligibility to participate.
A representative from the Ansan Chamber of Commerce stated, “There is ongoing interest from local businesses in the Youth Employment Promotion Grant,” adding, “As the allocated funding is limited, we encourage companies wishing to participate to apply as soon as possible.”
The representative also urged companies planning to hire youth by the end of the year to review the support requirements and application procedures in advance, stating, “The Ansan Chamber of Commerce plans to continue providing guidance and on-site support for local businesses in their efforts to hire youth and ensure stable employment for young people.”
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.