Incheon to Support Steel Industry Workers with Up to 800,000 Won Each

Workers in Incheon's steel industry and related sectors will receive financial support of up to 800,000 won per person through the 'Incheon Steel Industry Resilience Project.' The initiative, a collaboration between the city, the Ministry of Employment and Labor, and local business associations, aims to provide living stability funds to 5,250 individuals.

The project offers three support streams: re-employment support for involuntarily dismissed workers, employment stability for current workers, and assistance for freight transport workers linked to the steel industry. The city is allocating 90% of the total support to Dong-gu, an area heavily concentrated with steel companies like Hyundai Steel and recently designated as a region facing an employment crisis due to the economic downturn.

To boost local consumption and reduce administrative burdens, the financial aid will be disbursed as local currency points. Applications for the program will be accepted from June 8 to June 30. This initiative reflects Incheon's efforts to proactively address employment challenges within its key industrial sectors.

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This project focuses on maximizing support effectiveness by allocating 89.5% of the budget to direct worker assistance, in full consideration of the Ministry of Labor's review.