Gyeonggi-do 'Youth Basic Income' Application Open... 250,000 KRW Paid Quarterly

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province is accepting applications for the second quarter (April to June) of the 'Youth Basic Income,' which provides 250,000 KRW quarterly to 24-year-old youth, from the 2nd of this month until the 1st of next month.

The eligible applicants are 24-year-old youth born between April 2, 1997, and April 1, 1998, who currently have their resident registration in Gyeonggi Province and have either continuously resided in the province for more than three years or have a total residence period of more than ten years.

For youth recipients of basic livelihood security benefits, retroactive applications are exceptionally allowed. Youth who met the residence requirements and were 24 years old basic livelihood security recipients from the first quarter of 2019 to the third quarter of 2021 can receive up to 1,000,000 KRW. This support is provided following the ordinance amendment and social security change consultation completed last year, which allows lump-sum payments of the Youth Basic Income exclusively to basic livelihood security recipients starting from the fourth quarter of last year.

Eligible youth can apply online or via mobile by joining as members on the Gyeonggi Province job platform, Jobaba.

The required document is a resident registration abstract. However, since last year, a public MyData service has been introduced to simplify document submission, allowing automatic submission of the resident registration abstract with the youth's consent. Basic livelihood security recipients must separately submit a certificate of basic livelihood security recipient status.

Existing recipients who agreed to automatic application last quarter are subject to review without a separate application, but if there are changes in personal information or if they wish to apply retroactively from the third quarter of last year to the first quarter of this year, they must update their information within the application period.

After verifying the applicant's age and residence period, the province will issue 250,000 KRW in local currency in electronic card or mobile form starting from the 20th of next month for the second quarter.

Selected recipients will receive a confirmation message via text, and the card will be delivered to the address provided during application.

After receiving the card, registering it through the customer center or mobile app allows immediate use like a check card at traditional markets or small business establishments within the registered area.

However, usage is restricted at department stores, large supermarkets, corporate supermarkets (SSM), entertainment establishments, and similar venues.

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