Daejeon City Invests 93.7 Billion Won to Support Youth Jobs and Housing

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City will invest a budget of 93.7 billion KRW this year to support local youth in areas such as employment and housing.

The city announced on the 7th that it has finalized and will actively implement the "2022 Youth Policy Implementation Plan," which centers on these details.

Previously, the city approved the youth policy implementation plan through the Youth Policy Coordination Committee, composed of 30 members including local youth, private experts, and heads of city departments related to youth policy.

The projects confirmed through the implementation plan cover 73 projects across five sectors: employment, housing, education, welfare and culture, and participation and rights. These projects will receive a budget increased by 24 billion KRW compared to the previous year (69.7 billion KRW).

First, according to the implementation plan, the city plans to allocate 26.7 billion KRW to 35 projects aimed at expanding Daejeon-style jobs, revitalizing employment and entrepreneurship, and strengthening safety nets in youth workplaces.

Key projects include the Daejeon-style Co-op Youth New Leader Training (2.5 billion KRW), support for hiring youth talent in regional specialized industries (2 billion KRW), transportation cost support for youth in small and medium enterprises in industrial complexes (4.6 billion KRW), and the Daejeon Youth Tomorrow Hope Card (3.5 billion KRW).

In the youth housing sector, 52.8 billion KRW will be invested in six projects. Through this, the city will promote projects such as interest support for youth housing rental deposits (1.2 billion KRW), separate payment of housing benefits for unmarried youth (2 billion KRW), and remodeling of youth purchase rental housing (1 billion KRW).

Additionally, the city has set a plan to supply a total of 15,000 youth housing units by 2030, including investing 42.6 billion KRW to supply 3,000 Dream Town units for youth and newlyweds.

In particular, to alleviate the housing cost burden on youth, the city will implement the "Youth Monthly Rent Special Temporary Support" (5.4 billion KRW), which provides up to 200,000 KRW per month for a maximum of 12 months, and the "Daejeon Youth Monthly Rent Support" (650 million KRW), which provides up to 1 million KRW at 100,000 KRW per month, helping youth stabilize their housing and settle in the region.

The city will also focus on linking youth education and employment and strengthening youth future capabilities. This includes operating the AI Innovation School "i-PEL Daejeon" (600 million KRW), hiring university student part-timers (250 million KRW), and supporting university student loan interest and credit recovery (240 million KRW).

In the welfare and culture sector, 16 projects are scheduled to be implemented with a total budget of 8.7 billion KRW. Specifically, the city will support the Youth Hope Account (3.67 billion KRW), Hope Growth Account (300 million KRW), Youth Tomorrow Savings Account (1.2 billion KRW), psychological counseling for youth mental health (200 million KRW), and youth artist support projects (760 million KRW) to build a foundation for nurturing representative local artists.

In the participation and rights sector, which aims to incorporate youth voices into policy, 11 projects will receive 3.9 billion KRW. The city plans to expand youth autonomy through operations such as the Daejeon Youth Tomorrow Center, an intermediary support organization where youth can create and execute policies themselves (1 billion KRW), the creation of Youth Tomorrow Villages (500 million KRW), establishment of a youth policy platform (300 million KRW), and operation of youth spaces (570 million KRW).

Mayor Heo Tae-jeong of Daejeon said, "The city plans to support local youth not just as temporary welfare but as an investment in future generations," adding, "We will strive to establish a detailed support system where youth can nurture their dreams and improve their quality of life in the youth-friendly city of Daejeon."

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