Lee Sangil Pledges Tailored Support for the 4050 Generation: "Will Help With Entrepreneurship, Reemployment, and Housing Stability"

Lee Sangil, Candidate for Yongin Mayor, Announces Customized Support for the 4050 Generation
Launching Economic Stability Projects for the Middle-Aged: Comprehensive Support Measures Unveiled
1 Trillion Won "Silicon Yongin Fund" to Back 4050 Generation Startups
Job Creation Through Fab Construction and Local Resource Utilization Linked to Semiconductor Companies

Lee Sangil, a candidate for mayor of Yongin Special City (People Power Party), announced a pledge to support entrepreneurship, reemployment, and housing stability for the 4050 generation, presenting a comprehensive support plan to promote the economic independence and improve the quality of life for the middle-aged.

Lee Sangil, candidate for mayor of Yongin Special City (People Power Party), announced on the 1st a pledge to support startups, reemployment, and housing stability for the 4050 generation, presenting comprehensive support measures to enhance economic independence and quality of life for the middle-aged population. Provided by candidate Lee Sangil

On June 1, Lee stated, "The 4050 generation serves as the backbone of both society and family, but is also the generation most affected by rapid industrial and economic changes," adding, "We will expand practical support measures to ensure that they can continue their economic activities stably."

As a first step, a portion of the "Silicon Yongin Fund," which will be established at a scale of 1 trillion won, will be allocated to support entrepreneurship among the middle-aged, with the aim of actively assisting those in the 4050 generation who are preparing for new ventures. The plan is to help middle-aged individuals with extensive social experience and expertise find new growth opportunities through entrepreneurship.

Support for reemployment will also be strengthened. Lee announced a plan to expand employment opportunities for the middle-aged by leveraging large-scale investment and job creation effects centered on the semiconductor industry.

Lee explained, "We will expedite the permit process for the construction of corporate fabs (fabrication plants) to improve the investment environment, and encourage companies to actively utilize local resources to create various jobs."

In fact, Lee approved the construction permit for the first fab at the SK hynix Yongin Semiconductor Cluster through an integrated review process in less than two months, a process that could have otherwise taken more than a year. As a result, SK hynix utilized 450 billion won worth of local resources—equivalent to half of the construction budget for the first fab. During this process, local personnel were also hired in various fields such as safety management and security.

Looking ahead, Lee forecasted that, with a total of 10 mega fabs—including the fourth phase of SK hynix's Yongin Semiconductor Cluster and the sixth phase of Samsung Electronics' Advanced System Semiconductor Cluster National Industrial Complex—about 9 trillion won worth of local resources could be utilized and tens of thousands of jobs could be created.

Additionally, to help middle-aged job seekers enter the semiconductor industry, Lee plans to operate the "Yongin Semiconductor Academy" in cooperation with the Ministry of Employment and Labor. The goal is to provide specialized semiconductor education for those with experience working at general companies, thereby supporting their employment or entrepreneurship in related companies.

Support measures for small business owners and the self-employed have also been prepared. Lee stated, "In addition to existing startup support through the Yongin Industry Promotion Agency, we will establish a 'Small Business Hub Center' to strengthen startup education, consulting, and management support functions."

Furthermore, Lee plans to expand special guarantees to reduce the financial burden on small business owners and startups, while also increasing support in specialized areas such as digital transformation, design, and branding.

Policies to improve the residential environment are also being pursued. Lee explained that, to enhance housing stability and asset value for the 4050 generation, support for remodeling and reconstruction will be strengthened, and he is considering measures to provide public transportation subsidies for children in multi-child families.

Lee Sangil stated, "The 4050 generation is the core generation that drives society and forms the center of families," adding, "Through policies that simultaneously support economic stability and future preparedness, we will help citizens lead even more vibrant lives."

This content was produced with the assistance of AI translation services.