Maternity Leave Subsidy for Small Biz: Who Qualifies and What You Get
Small business owners in South Korea can receive financial support to help cover the costs of hiring replacement staff when an employee takes maternity leave.
This scheme provides financial assistance to small business owners to help manage the costs associated with an employee taking maternity or parental leave.
Who it's for
This support is designed for employers who grant maternity or parental leave to their staff.
What you get
You receive financial support intended to help cover the expenses of hiring and training replacement staff while your employee is on leave.
What it costs you
There is no upfront fee to access this support, but you will need to complete a formal application process once the leave has been approved.
The catch to know
To remain eligible for the support, you must ensure that the employee is rehired to their position after their leave period ends.
How to apply
- Approve the employee's maternity or parental leave request.
- Arrange for replacement staff to cover the duties.
- Submit a formal application once the leave has been officially granted.
- Check the official government portal for specific documentation requirements.