Additional Applications Open for '500,000 Won Youth Special Job-Seeking Support Fund'... "Benefits for 47,000 People"

Ministry of Employment: "Reduced New Hiring Due to Prolonged COVID-19"
Expanded Eligibility... Online Applications Accepted from 3rd to 7th
Job Seekers Completing Programs from Aug to Nov Can Apply

Amid the prolonged COVID-19 pandemic and ongoing job search difficulties, employment information is being posted on the job board of a university in Seoul. Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Kim Bo-kyung] The government will accept additional applications for the 'Youth Special Job-Seeking Support Fund,' which provides 500,000 won to unemployed youth.

The Ministry of Employment and Labor announced on the 1st in a press release, "We have decided to accept additional applications for the Youth Special Job-Seeking Support Fund," adding, "We plan to support an additional 47,000 people by expanding eligibility."

This decision takes into account the postponement of hiring and reduction of new recruitment by companies due to the spread of the novel coronavirus infection (COVID-19).

The Youth Special Job-Seeking Support Fund, which provides support to unemployed youth who are willing to seek jobs, has a goal of supporting 200,000 people, with an additional budget of 102.5 billion won allocated.

The Ministry of Employment and Labor has already provided 500,000 won per person to 153,000 unemployed youth from September to November.

So far, a total of 213,000 people have applied for the support fund, but 60,000 of them did not meet the eligibility criteria and therefore did not receive the payment.

Accordingly, in this additional application round, eligibility has been expanded, and applications will be accepted from the 3rd to the 7th. The support fund of 500,000 won will be paid to a total of 47,000 people on the 16th. Applications can be submitted through the Online Youth Center (www.youthcenter.go.kr).

Eligibility includes unemployed youth who have participated in the Employment Success Package or Youth Job-Seeking Activity Support Fund programs since January 1 of last year and completed participation by November 30 of this year. The end date for the job-seeking support program has been extended from July 31 to November 30.

In other words, unemployed youth who completed the job-seeking support program between August and November of this year are included in the additional application target.

Existing applicants who have not received the support fund can reapply, and eligibility will be reviewed based on the application date to determine support fund receipt.

Those currently receiving job-seeking benefits, participating directly in job projects, or receiving Emergency Employment Stability Support Fund or Small Business New Hope Fund cannot receive duplicate payments. Appeals are expected to be possible from the 17th to the 20th. If the appeal review results in a payment decision, the support fund can be received by the end of this month.

For more details, please check the Ministry of Employment and Labor website, or contact the Online Youth Center via phone consultation (1811-9876), KakaoTalk consultation, or the Ministry of Employment and Labor Customer Service Center (1350).

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