Incheon TP Supports Monthly Rent for Job-Seeking and Startup Youth... Up to 800,000 KRW per Person

[Asia Economy Reporter Park Hyesook] Incheon Technopark (Incheon TP) announced on the 15th that it will promote a monthly rent support project for employed and start-up youth.

This is to help stabilize housing for young single-person households who have started independent living, providing support of 100,000 KRW per month for up to 8 months.

The support targets single-person households of non-homeowners aged 19 to 39 living in Incheon, with a deposit of 50 million KRW and monthly rent of 600,000 KRW or less in apartments or residential officetels, whose income is at or below 150% of the median income (pre-tax monthly 2,741,747 KRW).

Employed youth must be enrolled in the four major social insurances, and start-up youth must be registered business owners for at least 3 months but less than 3 years.

Incheon TP will accept applications in three rounds until the 30th of next month through the Yuyu Giji (Jemulpo) website (www.inuu.kr). Applications will close early if the budget is exhausted.

The first round (June 14?25) will notify results on July 12, the second round (July 1?14) on July 28, and the third round (July 19?30) on August 16.

For more details, refer to Yuyu Giji or the Incheon TP website (www.itp.or.kr), or contact the Incheon TP Youth Support Center at 032-725-3048~9, 3066~7.

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