Yeonggwang-gun 'Youth Hope Stepping Stone Savings Account Project' Additional Participant Recruitment

From the 30th to the 8th of next month

[Yeonggwang=Asia Economy Honam Reporting Headquarters Reporter Lee Jeonseong] Jeollanam-do Yeonggwang-gun (Governor Kim Junsung) announced on the 27th that it will additionally recruit participants for the ‘2021 Youth Hope Stepping Stone Savings Account Project’ to support young people’s stable future preparation and independence.

The recruitment period is from the 30th of this month to the 8th of next month.

The Youth Hope Stepping Stone Savings Account Project is a program where if a young person saves 100,000 KRW monthly, Yeonggwang-gun will additionally support 100,000 KRW, allowing the participant to receive a total savings of 7.2 million KRW plus interest upon maturity after 3 years.

Eligibility requirements are young workers aged 18 to 39 whose registered address is in Yeonggwang-gun as of the announcement date (with at least 90 days of work experience in the last 6 months) and business owners (who opened their business more than 6 months ago and have operated it for more than 3 months), whose household income recognition amount is below 120% of the median income. Public officials and employees of national or local government public institutions are excluded.

After verifying eligibility, applicants can apply by visiting the local town or township office with the required documents or by registered mail.

Detailed information can be found on the Yeonggwang-gun website notice board, and inquiries can be made to the Youth Support Team of the Population and Job Policy Office.

A Yeonggwang-gun official said, “We expect this to greatly help local youth prepare a stable future by providing an opportunity to create a lump sum more than twice their own savings.”

Yeonggwang=Honam Reporting Headquarters Reporter Lee Jeonseong leejs7879@asiae.co.kr

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