Oh Se-hoon meets with young people who opened 'Hope Double Youth Account' to support and encourage them

[Image source=Yonhap News]

[Asia Economy Reporter Lim Cheol-young] On the 19th, Seoul Mayor Oh Se-hoon will visit Shinhan Bank City Hall Financial Center to meet and encourage new enrollees of the ‘Hope Double Youth Account’.

Mayor Oh will congratulate the selected recipients of the ‘Hope Double Youth Account’ and hand over the passbooks, encouraging them to save steadily until maturity to achieve their goals. He will also hold a meeting to listen to the voices of the youth.

The ‘Hope Double Youth Account’ is a project based on the ‘Seoul Hope Plus Account,’ which Mayor Oh started in 2009 to support asset formation for low-income youth who work diligently. If a youth saves 100,000 or 150,000 KRW monthly for 2 or 3 years, Seoul City will add 100% of the saved amount as a matching contribution.

Considering the increased difficulties faced by the youth due to COVID-19, Seoul City has doubled the number of selected participants compared to last year, selecting a total of 7,000 recipients. Currently, individual agreements are being signed and savings accounts are being opened for the selected participants.

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