Busan to Invest KRW 12 Billion in Customized Job Creation Projects

With an ambitious goal of creating over 2,000 Busan-customized jobs, the city is aiming to boost the region's economic growth and employment prospects.

Maru Kim
Maru Kim

Busan City has been chosen by the Ministry of Employment and Labor to participate in the ‘Customized Job Creation Project for Regional Industries.’ The city has secured KRW 9.6 billion in national funding for the initiative and pledged to invest KRW 12 billion, including municipal expenses, to create 2,215 jobs tailored to the local market. This significant investment in job creation offers a promising outlook for the region’s economic growth and employment.

The ‘Customized Job Creation Project for Regional Industries’ is a policy that empowers local governments to identify and promote job projects suitable for their respective regional and industrial conditions. As part of this initiative, Busan City will promote three projects: the newly launched ‘Regional Plus Job Project,’ ‘Employment Stability Preemptive Response Project,’ and ‘Regional Innovation Project.’ The city aims to promote a comprehensive job project worth KRW 120 billion in government and municipal expenses.

The ‘Regional Plus Job Project’ is a recently launched public offering project that has received KRW 1.8 billion in government funding to offer intensive support to industries that face difficulties in recruitment. The ‘Employment Stability Preemptive Response Project’ aims to stabilize and increase employment in the mechanical components industry in western Busan. The ‘Regional Innovation Project’ aims to support job creation by promoting the growth and advancement of key industries in the Busan region.

Busan City will start promoting its job projects in March, beginning with the signing of an agreement with the Ministry of Employment on February 28th. Mayor Park Hyung-jun has expressed his commitment to overcoming challenges faced by the local flagship industry and creating job opportunities for job seekers. The city’s comprehensive approach includes bridging the gap between job seekers and the right jobs that align with each industry’s specific characteristics and supplying manpower to industries with recruitment difficulties. With an ambitious goal of creating over 2,000 Busan-customized jobs, the city is aiming to boost the region’s economic growth and employment prospects.

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