Yangsan-si Launches First Youth Monthly Rent Support Program ... Up to 1.5 Million KRW Assistance

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Yangsan City, Gyeongnam, is recruiting 133 participants for the ‘Yangsan City Youth Monthly Rent Support Project’.

According to the city on the 22nd, the eligibility criteria are households headed by youths aged 18 to 39 who have their resident registration in Yangsan as of the announcement date, with a middle income of 150% or less, renting a house with a deposit of 100 million KRW or less, and a monthly rent of 600,000 KRW or less.

However, homeowners, basic livelihood security recipients, public officials, employees of national and local government-funded institutions, and beneficiaries of other youth housing support projects are excluded from the support. Also, this support cannot be combined with the newlywed couple’s jeonse loan interest support.

The application period is from the 24th to March 12th. Applications can be submitted by visiting the Youth Support Team of the Job and Economy Division in Yangsan City or via email.

Selected candidates will be notified individually in April after qualification verification and income review, with selection based on the lowest recognized income amount.

If selected, participants can receive support of up to 150,000 KRW per month (up to 1,500,000 KRW annually) for 10 months. Payments will be retroactively made starting from the rent paid in February.

For more details, refer to the notices section on the Yangsan City Hall website or contact the Youth Support Team of the Job and Economy Division.

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