Geochang-gun Takes Proactive Measures Against Population Decline...Significantly Increases Relocation Settlement Allowance

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Geochang-gun, Gyeongnam Province announced on the 12th that it will significantly increase the settlement allowance for new residents and the support compensation for naturalized citizens, and also expand the eligibility for the interest support project for youth housing rental and purchase funds to create a livable city with population growth.

To proactively address the issue of population decline, the county revised the "Geochang-gun Population Increase Support Ordinance Enforcement Rules," and from October 1st, the settlement allowance for new residents was significantly increased from 100,000 KRW to 200,000 KRW for single-person households, from 200,000 KRW to 500,000 KRW for two-person households, from 300,000 KRW to 700,000 KRW for three-person households, and from 500,000 KRW to 1,000,000 KRW for households of four or more.

Additionally, as international marriages have increased, the support compensation for naturalized citizens was raised from 500,000 KRW to 1,000,000 KRW to encourage naturalization and promote stable settlement by providing realistic support for the costs incurred in acquiring nationality.

Furthermore, the age eligibility for youth housing rental and purchase interest support was adjusted from 19 to 39 years old to 19 to 45 years old, expanding the beneficiaries of the project.

Gu In-mo, the mayor of Geochang-gun, stated, “We expect that the realistic revision of the settlement allowance provided upon moving in will serve as an opportunity to enhance the settlement effect of the floating population residing within the county,” and added, “We will continue to strive to discover stable support measures from childbirth to child-rearing, education, and housing so that we can achieve the number one population in the military counties of Gyeongnam by 2025.”

Meanwhile, the county is promoting various population increase policies to create a city good for having and raising children, such as childbirth congratulatory money (1,000,000 KRW for the first child, 2,000,000 KRW for the second, 3,000,000 KRW for the third), child-rearing support money (100,000 KRW monthly for the first and second child for 20 months, 300,000 KRW monthly from the third child onward for 60 months), and father’s parental leave encouragement money (6 months, up to 1,800,000 KRW).

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