Yoo Eun-hye: "Significant Expansion of National Scholarships to Achieve Half-Price Tuition"

[Asia Economy Reporter Koo Chae-eun] Yoo Eun-hye, Deputy Prime Minister for Social Affairs and Minister of Education, stated, "To reduce the burden of university tuition fees, we have significantly expanded the national scholarship program to realize half-price tuition fees for low-income and middle-class families." Deputy Prime Minister Yoo added, "This plan targets low-income and middle-class households who previously received only 340,000 to 600,000 KRW per semester in national scholarships, which was practically unhelpful."

On the 26th, Deputy Prime Minister Yoo said at the Democratic Party's special youth policy meeting, "Over the past few months, the party, government, and 청년특별대책 (Youth Special Measures) have been discussing policies for youth amid the COVID-19 situation, and as a result, we are able to present these special youth measures," adding, "We have especially worked to actively alleviate the economic burden on young people."

He stated, "To improve youth employment to pre-COVID levels, we will introduce hiring incentives for small and medium-sized enterprises and expand national employment opportunities for youth," and added, "We will also introduce the Youth Hope Savings and Youth Tomorrow Savings Account to help young people build initial assets." Deputy Prime Minister Yoo emphasized, "Going forward, we will expand two-way communication between the government and youth so that young people can establish their foundations."

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