Job-Seeking Allowance Up to 3 Million Won for Unemployed Youth in 4-Person Households Earning 5.851 Million Won or Less

Next Month, Job-Seeking Promotion Allowance Eligibility Also Eased... Expanded to 60% Median Income and Property Under 400 Million Won

Source: Ministry of Employment and Labor

[Sejong=Asia Economy Reporter Son Seon-hee] The government will provide job-seeking promotion allowances of up to 3 million KRW to young people whose household income for a family of four is 5,851,000 KRW or less and whose total assets are 400 million KRW or less this year.

On the 9th, the Ministry of Employment and Labor announced the payment criteria related to the National Employment Support System, which is being implemented for the first time this year. According to the amendment of related laws last month, employment support services and job-seeking promotion allowances (500,000 KRW per month × 6 months, up to 3 million KRW) will be provided to youths aged 18 to 34 whose household income is 120% or less of the median income and whose total assets are 400 million KRW or less.

The amount corresponding to "120% of the median income" is 5,851,000 KRW for a family of four this year and 6,145,000 KRW next year. In particular, from now on, those with prior employment experience can also receive the job-seeking promotion allowance.

Additionally, the Ministry of Employment plans to expand the participation conditions for receiving the job-seeking promotion allowance next month to support low-income job seekers. Previously, the criteria were 50% or less of the median income (2,438,000 KRW for a family of four) and total assets of 300 million KRW or less, but this will be expanded to 60% or less of the median income (2,925,000 KRW for a family of four) and total assets of 400 million KRW or less.

In cases where recipients such as homeless people cannot use accounts under their own or others' names, the job-seeking promotion allowance will be paid using deposit and withdrawal accounts under the name of local government offices as an exception.

Meanwhile, the Ministry of Employment announced that a total of 27,000 people applied for the newly established "Work Experience Program" by early this month. Kim Seong-ho, Director of Employment Service Policy, said, "In the second half of the year, we will additionally discover improvement tasks to enhance the system, and we will promote the Work Experience Program to be operated in large-scale workplaces by linking it with basic job training, etc."

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