Bucheon-si, Recruiting Participants for Hope Savings Account II Phase 3 until the 19th

[Asia Economy Reporter Park Hyesook] Bucheon City, Gyeonggi Province, is recruiting new subscribers for the 3rd term of the Hope Savings Account II until the 19th.

The Hope Savings Account II allows subscribers to save 100,000 KRW monthly for 3 years, with an additional 100,000 KRW of earned income tax credit from the government, enabling them to accumulate up to 7.2 million KRW plus interest as a lump sum.

Eligible applicants are households receiving housing and education benefits or those in the near-poverty class with a median income of 50% or less (2,374,000 KRW for a family of four) who are currently employed. General households may also apply if their income and assets meet the near-poverty criteria.

Subscribers must continue working to maintain their subscription and complete education and case management counseling to strengthen self-reliance capabilities. Additionally, upon maturity and termination, they must submit documents proving the use of at least 50% of the earned income tax credit.

Those wishing to apply should visit their local administrative welfare center or community support center to submit the required documents. Online applications are not accepted.

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