The Employment Market’ Up to 1.1 Million Won for 6 Months

In Korea in the second half of the economic policy direction, the government also announced measures to support the 40s, the largest victims of the job market. The key is to provide job seekers in their 40s up to 1.1 million won for 6 months, or to provide employment-related jobs.

Specifically, the government decided to create a rebound 40 Plus (40+) package so that job seekers in their 40s could work in a shortage of human resources such as smart manufacturing companies, construction, buses, and root technologies. Job seekers in their 40s who are below the median income (KRW 474,91,74 per month) have three months of vocational training and internship opportunities. Employment promotion incentives are received by employers when they are formally employed in employment-linked jobs.

Forty-somethings will be able to participate in the middle-aged and middle-aged specialization course of national period and strategic industry training for those over 50. For those in their 40s who have difficulty living in the national period and strategic industrial training for a long time due to the burden of their livelihood, they decided to subsidize their living expenses for an average of six months during the training period. This is for those who have met income requirements such as 50% or less of median income while participating in training in electrical, mechanical, construction, and materials fields. If the number of households is 3 or less, 900,000 won per month, and if 4 or more, 1.1 million won per month.

The early re-employment allowance paid to those who receive unemployment benefits earlier than expected is also increased for those in their 40s. Previously, if half of the job search benefit period had passed before the job was paid, half of the remaining job search benefit was paid. Expanding this, if you get a job before one-third of the job search benefit period has passed, you will take two-thirds of the remaining wages. Decided to pay.

Reviewer overview

The Employment Market,Korea - /10

Summary

In the second half of the economic policy direction, the government also announced measures to support the 40s, the largest victims of the job market. The key is to provide job seekers in their 40s up to 1.1 million won for 6 months, or to provide employment-related jobs.

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