Jang Byung-wan Announces Youth Policy Sharing the Burden on Young People

[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Representative Jang Byeong-wan (Minsaengdang, Gwangju Metropolitan City Dongnam-gap) stated on the 23rd, "Youth are the future driving force of the Republic of Korea, and the future of youth is the future of Korea," adding, "In this era, it is difficult for young people to achieve things that were once taken for granted, such as employment, marriage, and home ownership, even with hard work. We will share the burdens of young people whose futures are uncertain."

Representative Jang first promised to introduce the Youth Hope Public Rental Housing system to stabilize housing for the younger generation.

By utilizing the National Pension Fund, the National Pension Service will supply public rental housing for youth under 35 and newlyweds. This is expected to have a triple effect: managing the National Pension Fund operations stably, expanding the beneficiaries of the National Pension to include the younger generation, and providing public rental housing.

Additionally, the implementation of the "Pre-employment Employment Insurance System" will reduce the economic burden on job seekers. This system allows job seekers to enroll in employment insurance for up to one year during their job preparation period, supporting living expenses during their job search, with repayment after employment. This is expected to ease the double burden faced by job seekers who juggle job preparation and part-time work.

He also announced plans to expand employment opportunities for graduates of regional universities by increasing the hiring quota of local talents at public institutions in innovation cities to 40%. This policy is expected to encourage talented individuals to enroll in regional universities and foster mutual growth between local companies and universities.

Representative Jang Byeong-wan said, "Housing and employment form the most fundamental foundation for youth to plan their future," adding, "We will implement policies that share the burdens of the younger generation so that they can bravely and confidently pass through the transitional period from study to independence."

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