Gimhae City Invests 44.1 Billion KRW in Youth Support Policies... Creating a Gimhae Where the MZ Generation Stays

Heo Seong-gon, Mayor of Gimhae (center), is observing a class in progress at the youth activity exclusive platform 'Gimhae Cheongnyeon Daom'. [Image source=Gimhae City]

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Gimhae City, Gyeongnam Province, has prepared a comprehensive "gift set" of youth support policies.

On the 4th, Gimhae City announced that it will invest 44.1 billion KRW in youth support policies in 2022, an increase of 7.2 billion KRW from 36.9 billion KRW the previous year.

To create a "city environment where youth want to stay and live," the city is promoting 63 projects across 3 sectors with participation from 15 departments, based on the Gimhae-type Youth 1·2·3 policies.

By sector, the budget is 10 billion KRW for jobs (32 projects), 29.9 billion KRW for communication and culture (17 projects), and 4.2 billion KRW for welfare (14 projects).

This year, 12 new projects (3.3 billion KRW) have been added, including youth startup support, creation of youth jobs in the 4th industrial revolution and future promising industries, housing support, and asset formation.

In the jobs sector, through the Ministry of the Interior and Safety’s "region-led youth job project" contest, support projects for youth entrepreneurs are implemented to develop initial startup capabilities targeting youth lacking startup and social experience, and a customized youth job ecosystem is being built in new industry fields (digital, network, AI, etc.) which are future growth engines.

In the communication and culture sector, the youth governance activities are supported to strengthen youth independence and encourage participation in local policies centered on the youth activity exclusive platform "Gimhae Youth Daom."

Additionally, the city systematizes support for various youth cultural and artistic activities, including hosting the Youth Day event "Gimhae Youth Wonderful Day," the Youth Art Food Train project, and the legal cultural city creation project.

Youth welfare strengthens housing stability through special monthly rent support for youth (200,000 KRW per month), full support for youth jeonse deposit return guarantee fees, and the sharing housing project (half-price rent) for youth facing economic difficulties.

The youth savings account project, which provides a 1:3 matching support for monthly savings to help youth with unstable income build future assets, is also being expanded.

Furthermore, the scholarship foundation operation is being revitalized to help youth settle stably in the region, including university entrance scholarships (1 million KRW per person) for local high school students entering regional universities, and scholarships (3.6 million KRW per person) for graduates of local specialized high schools and universities who find employment in local small and medium-sized enterprises.

Park Seong-yeon, Director of the Job and Economy Bureau, said, "To become a region where youth want to stay and live, we will promote generation-customized policies that consider the preferences and needs of the MZ generation, reflecting youth tastes and characteristics."

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