Oh Se-hoon "200,000 KRW Monthly Rent Support for 50,000 Youths for 10 Months"

[Asia Economy Reporter Koo Chae-eun] Oh Se-hoon, former mayor of Seoul and a candidate in the People Power Party's Seoul mayoral primary, announced on the 14th that he will increase the monthly youth rent support of 200,000 KRW per person from the current 5,000 people per year to 50,000 people.

At a National Assembly press conference, former Mayor Oh unveiled a comprehensive youth policy including this plan.

As part of youth housing measures, he stated that Seoul City currently supports 5,000 single-person youth households with an income below 120% of the median income by providing 200,000 KRW monthly for 10 months annually, and he plans to expand this to 50,000 people per year.

He also said that the youth purchase rental housing project, which supplies rental housing at 30-50% below market price, will be expanded from the current 1,000 units to 2,000 units.

Additionally, he pledged to raise the maximum amount of the 'Hope Double Youth Account,' which returns more than twice the saved amount, from the current 10.8 million KRW to 20 million KRW and to expand the eligible recipients.

Former Mayor Oh also plans to strengthen employment and startup support programs, including establishing a youth employment academy and implementing the 'Youth All-in-One Information Service' that collects and provides information related to youth housing and startup support.

He said, "This is not just support given to everyone, but self-reliant welfare provided to those who work," adding, "It is distinguished from the populist pledges of other candidates."

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