Gyeonggi-do to Accept 3rd Quarter Youth Basic Income Applications from Next Month 1st... 250,000 KRW Paid per Person

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will accept applications for the third quarter of the "Youth Basic Income," which provides 250,000 KRW per quarter to 24-year-old youth, from the 1st to the 30th of next month.

The eligible applicants are 24-year-old youth born between July 2, 1996, and July 1, 1997, who, as of the application date, have continuously resided in Gyeonggi Province for more than 3 years or whose total days of residence amount to more than 10 years, and who currently have their resident registration in Gyeonggi Province.

Eligible youth can visit the Gyeonggi job platform Jobaba (apply.jobaba.net), sign up as members, and apply online or via mobile.

The required document is a resident registration abstract (issued after July 1, including the last 5 years or the entire address history). However, since the second quarter, a simplified public MyData service has been implemented, so if the youth uses the MyData service, they do not need to attach the resident registration abstract. The MyData service stores the applicant's personal information held by public institutions not on a central server but on the applicant's smartphone or cloud, allowing the data subject to view their data anytime and provide it to institutions.

Youth who pre-applied for automatic application last quarter will be subject to review without a separate application. However, if there are changes in personal information or if they wish to apply retroactively for the 4th quarter or the 1st and 2nd quarters of this year, or request lump-sum payment for the 4th quarter of this year, they must update their information during the application period.

After verifying the applicant's age and residence period, the province will provide 250,000 KRW in local currency in the form of an electronic card or mobile payment starting August 20 for the third quarter.

Those who apply for lump-sum payment can receive 500,000 KRW for this year (3rd and 4th quarters) at once.

Selected recipients will receive a confirmation message via text, and the card will be delivered to the address entered during application.

After receiving the card, registering it through the customer center or mobile app allows immediate use like a check card at traditional markets or small business establishments within the registered area.

However, usage is restricted at department stores, large supermarkets, corporate supermarkets (SSM), entertainment establishments, and similar venues.

For more details, contact the youth welfare department of each city/county, the Gyeonggi call center (031-120), or the internet portal "Jobaba."

Jung Hyun-ah, head of the Youth Welfare Policy Division of the province, said, "We hope that the lump-sum payment of Youth Basic Income will help youth and small business owners overcome national difficulties together."

The province is temporarily providing the 2021 payment only to youth who agreed to the lump-sum payment of Youth Basic Income this year to quickly support youth facing economic difficulties due to COVID-19 and other factors.

According to the results of the first half of the year, 52.4% of first-quarter applicants (145,592 people) and 57.8% of second-quarter applicants (61,337 people) applied for lump-sum payment, respectively.

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