Bucheon-si Opens 4th Quarter Applications for Basic Income for 24-Year-Olds... 250,000 Won Support Per Person

Bucheon City Hall

[Asia Economy Reporter Park Hyesook] Bucheon City in Gyeonggi Province is accepting applications for the 4th quarter Youth Basic Income for 24-year-old youths until the 30th of this month.

Youth Basic Income is a youth welfare policy that provides up to 1,000,000 KRW annually, paid quarterly at 250,000 KRW in Bucheon Pay, to support the social basic rights of young people.

The eligible applicants are 24-year-old youths currently residing in Bucheon City who have continuously lived in Gyeonggi Province for more than 3 years or have lived there for a total of more than 10 years. Applications can be submitted online through the Gyeonggi-do job platform 'Jobaba' website.

Starting this quarter, Youth Basic Income for basic livelihood security recipients will be changed from public transfer income to a lump-sum payment. Accordingly, youths who are basic livelihood security recipients and previously gave up applying (born between January 2, 1994, and October 1, 1996) can apply retroactively as an exception.

After the review and selection process, the confirmed recipients will be paid sequentially in Bucheon Pay after December 20.

The Bucheon Pay received as Youth Basic Income can be used at small business establishments such as traditional markets in Bucheon, neighborhood supermarkets, convenience stores, and hair salons, but its use is restricted at department stores, large supermarkets, corporate supermarkets (SSM), and entertainment establishments.

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