Samsung Life Insurance Announces Recruitment for 2nd Cohort of Regional Youth Activist Support Program

[Asia Economy Reporter Changhwan Lee] Samsung Life Insurance announced on the 2nd that it will hold the 2nd recruitment for the 'Local Youth Activist Support Project (Boost Your Local),' which supports youth non-profit organizations to solve local community issues.

The 'Local Youth Activist Support Project' is a private cooperation project jointly implemented by Samsung Life Insurance, the Ministry of the Interior and Safety, and the Social Solidarity Bank. In August last year, Samsung Life Insurance signed a Memorandum of Understanding (MOU) with the Ministry of the Interior and Safety and the Social Solidarity Bank.

Since 2021, it has been providing 5 billion KRW over five years to youth activists working to solve regional problems such as the lack of youth jobs in provincial areas.

Last year, 21 organizations were selected and supported with project funds, education, consulting, and networking. Each youth organization is actively working to solve local issues in various fields such as culture, environment, urban regeneration, and education.

One of the first-phase organizations, Jeonbuk's 'Jangsu Cheongnyeon Sansagong,' remodeled an old building located in Janggyemyeon, Jangsu-gun, and opened a childcare facility.

In Uiseong, Gyeongbuk, the youth organization 'Anywhere' purchases discarded imperfect agricultural products and offers cooking experiences to tourists, among other various cultural experience projects.

The 2nd recruitment for the Local Youth Activist Support Project is open until the 24th, and only non-profit organizations led by youth aged 19 to 34 (born between June 25, 1987, and June 26, 2002) can apply.

To uphold the purpose of expanding public interest projects from metropolitan areas to provinces, youth organizations registered or located in Seoul or metropolitan cities are excluded from eligibility.

The selection scale is up to 25 organizations, and selected organizations can receive up to 45 million KRW in support, with indirect costs supported up to 50%. Youth organizations wishing to apply can download the application form from the Social Solidarity Bank website, complete it, and submit it by the 24th.

Song Sangjin, head of Samsung Life Insurance's Social Contribution Team, stated, "For a region to thrive, youth must thrive," adding, "We will spare no effort to provide not only funding but also various support such as education and consulting so that youth can independently solve local problems."

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