Gyeonggi-do to Give 1 Million Won Basic Income to 24-Year-Old Youths This Year

Gyeonggi Province conducted a survey on the Youth Basic Income, and 69% of respondents answered that it was 'well done'.

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province is accepting applications for the 'Youth Basic Income,' a key youth policy of Governor Lee Jae-myung, from the 2nd of this month until the 1st of next month.

The eligible applicants are 24-year-old youths born between January 2, 1995, and January 1, 1996, who have continuously resided in Gyeonggi Province for more than three years or whose total days of residence amount to more than ten years.

Eligible youths can visit the Gyeonggi job platform Jobaba (apply.jobaba.net), sign up as members, and apply online or via mobile. The required documents are the application form and a resident registration abstract (issued after March 2, including address history for the last five years or the entire period).

After verifying the applicant's age and residence period, the province will provide 250,000 KRW in local currency in the form of an electronic card or mobile payment starting from the 20th of next month.

Selected recipients will receive a confirmation message via text. The card will be delivered to the address entered during the application.

Once the card is received, registering it through the customer center or mobile app will enable immediate use like a check card.

The local currency received can be freely used like cash at traditional markets and small business establishments within the registered address area.

However, usage is restricted at department stores, large supermarkets, corporate supermarkets (SSM), entertainment establishments, and similar venues.

For more details, inquiries can be made to the youth welfare departments of each city and county, the Gyeonggi Call Center (031-120), or the internet portal 'Jobaba.'

A provincial official stated, "Any 24-year-old youth residing in the province who meets the residency requirements can receive 250,000 KRW in local currency," adding, "We hope that all eligible youths in the province will benefit from the Youth Basic Income."

Meanwhile, a satisfaction survey conducted last year among youths who received the 'Youth Basic Income' showed that 82.7% of respondents answered that they were 'satisfied.'

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