Seoul City to Provide 'Youth Allowance' to 20,000 Unemployed Young People This Year

Monthly Youth Allowance of 500,000 KRW for up to 6 Months Provided to Unemployed Youth Aged 19-34 Living in Seoul Who Graduated Over 2 Years Ago

[Asia Economy Reporter Lim Cheol-young] The Seoul Metropolitan Government is recruiting participants for the Youth Allowance program this year. Selected youths can receive a monthly support of 500,000 KRW for up to six months.

According to Seoul City on the 10th, the city announced that it will recruit participants for the Youth Allowance program from the 23rd of this month until the 3rd of next month. Eligible applicants are unemployed youths aged 19 to 34, residing in Seoul as per their resident registration on the application date, who graduated at least two years ago. Approximately 20,000 participants will be selected.

Applicants must have a monthly health insurance premium of 277,765 KRW or less for regional subscribers, or 252,295 KRW or less for workplace subscribers as of January this year. If the applicant is the head of household or a dependent, the premium amount is based on their own premium. If the applicant is a dependent belonging to a household, the premium amount is based on the head of household or dependent who pays the insurance premium.

Additionally, applicants must be unemployed (not enrolled in employment insurance). Even if enrolled in employment insurance, those working 26 hours or less per week or short-term workers employed for three months or less are eligible to participate in the Youth Allowance program. If the number of applicants exceeds the available slots, selection will be prioritized based on the lowest health insurance premium paid. However, those already participating in similar programs are not eligible to apply.

Selected youths will receive a monthly activity support fund of 500,000 KRW for up to six months and will be given opportunities to participate in youth vitality programs. Selection results can be individually checked on the Seoul Youth Portal My Page on the 30th of next month. Following this, watching the orientation online and opening a bank account for the Youth Allowance payment are mandatory. The first payment date is April 23rd.

The Seoul Metropolitan Government stated, "Seoul will make greater policy efforts to resolve youth livelihood issues caused by COVID-19 in the future."

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