Yeonggwang-gun to Recruit New Applicants for 'Youth Savings Account' Starting from the 7th

[Asia Economy Honam Reporting Headquarters Reporter Jeon Seong] Yeonggwang-gun, Jeollanam-do (Governor Kim Jun-seong) announced on the 2nd that it will recruit 'new applicants for the Youth Savings Account' from the 7th to the 24th to help working low-income youth (aged 15 to 39) settle into society.

The Youth Savings Account, implemented for the first time this year, allows participants to save 100,000 KRW per month, with the government matching 300,000 KRW in earned income tax credits, enabling them to receive 14.4 million KRW after three years.

Participants must save 100,000 KRW monthly while maintaining employment for three years, complete self-reliance capacity training once a year (three times in total), and obtain a nationally certified qualification.

In addition to the Youth Savings Account, the county operates asset-building support programs such as Hope Savings Account I & II, Tomorrow Savings Account, and Youth Hope Savings Account for low-income groups including basic livelihood security recipients.

Participants in Hope Savings Account I, Tomorrow Savings Account, and Youth Hope Savings Account are recruited monthly (from the 1st to the 15th) until November, Hope Savings Account II recruits four times a year (February, May, August, October), and Youth Savings Account recruits twice a year (April, July).

For more details, please contact the Social Welfare Division or the welfare officer at the respective town or township office.

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