Gyeongnam Province Provides Hope Support Fund to Youth Unemployed Due to COVID-19
[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Sharon] Gyeongnam Province will provide Hope Support Funds to young people who lost their jobs due to the novel coronavirus infection (COVID-19) starting from the 18th.
The province has selected 1,558 first-round recipients of the Hope Support Funds, which support young people who lost their jobs due to COVID-19.
From the 8th of last month for one month, 1,716 applicants were recruited, and eligibility was determined by reviewing criteria such as employment period, unemployment conditions, and participation in overlapping programs.
Recipients can visit the city or county office job department with their ID to receive a prepaid card titled "Cheer Up! Gyeongnam Youth." They can register online or visit a nearby Nonghyup or Gyeongnam Bank, and if a proxy receives it, only online registration is possible.
This prepaid card can be used at convenience stores, markets, cafes, supermarkets, butcher shops, and small to medium-sized marts within the province, but cannot be used at large supermarkets, department stores, online shopping malls, or entertainment establishments.
Since 500,000 KRW is supported monthly, recipients must fully use the first payment of 500,000 KRW before the second payment date on June 22, and if the second support fund is not fully used by September 30, the remaining balance will be reclaimed by the respective local government.
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Cha Seok-ho, Director of the Job Economy Division of the province, said, "Since the timing of budget expenditure varies slightly by city and county, young Hope Support Fund recipients should check the city or county website and visit the city or county office." He added, "The province is actively supporting young people in the blind spots of unemployment benefits by relaxing some unemployment conditions and is recruiting additional recipients until the budget is exhausted."
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