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Core Workforce of the Busan Economy: Busan Metropolitan City Announces Recruitment of Participating Companies for the “4050 Employment Promotion Support Program”

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it will recruit participating companies for the “2026 Busan 4050 Employment Promotion Support Program,” which aims to create employment opportunities for middle-aged workers and support the growth of local businesses, from today (Mar. 9) through Mar. 27.

The “Busan 4050 Employment Promotion Support Program” is an initiative launched last year to strengthen the core workforce of the Busan economy by providing regular employment opportunities to people in their 40s and 50s, the key working-age group, while also supporting the growth of small and medium-sized enterprises.

Eligible applicants include manufacturing companies in Busan, businesses located in industrial complexes, companies in strategic industries, and certified enterprises. When these companies hire new job seekers in their 40s and 50s as regular employees, the city will provide hiring incentives to the participating companies for six months.

This year, the city will expand the program from supporting 130 regular hires last year to 190 hires.

The support benefit amounts to 800,000 KRW per month per employee for six months, up to a maximum of 4.8 million KRW.

Companies wishing to participate may submit applications from today (Mar. 9) through Mar. 27 via the Busan Employers Federation website (www.bsefapp.co.kr) or by email to the Busan Chamber of Commerce and Industry at bcci4050@korcham.net.

After applications are received, a selection review committee will be convened to choose eligible companies, and a business agreement will be signed with the selected firms. Once new hires are made, incentives will be provided on a monthly basis.

Detailed information, including eligibility requirements, can be found in the recruitment notice posted on the websites of the Busan Employers Federation (www.bsefapp.co.kr) and the Busan Chamber of Commerce and Industry (www.bcci.or.kr).

For further inquiries, applicants may contact the Busan Employers Federation at 070-4915-1130 or the Busan Chamber of Commerce and Industry at 051-990-7085 or 051-990-7086.

Kim Bong-cheol, Assistant Mayor of Digital Economy Office of Busan Metropolitan City, said, “We hope many small and medium-sized enterprises in Busan will participate and grow together with us, as we have significantly expanded this program compared to last year to provide quality jobs for people in their 40s and 50s—the backbone of the Busan economy—and to strengthen employment stability.” He added, “We will continue to make our best efforts to identify and implement a variety of policies to create employment opportunities for people in their 40s and 50s.”