Seongnam City to Accept Applications for Quarterly 250,000 KRW 'Youth Basic Income' Starting Next Month 1st

[Asia Economy (Seongnam) = Reporter Lee Young-gyu] Seongnam City in Gyeonggi Province will start accepting applications for the Youth Basic Income from the 1st of next month.

The Youth Basic Income is a youth support policy that provides 250,000 KRW quarterly, totaling 1,000,000 KRW annually, to 24-year-old youth in the form of Seongnam Love Gift Certificates (local currency) via mobile or card.

Seongnam City announced on the 31st that from the 1st to the 30th of next month, it will accept applications for the 3rd quarter (July-September) Youth Basic Income from 24-year-olds born between July 2, 1997, and July 1, 1998, who have continuously resided in Gyeonggi Province for more than 3 years or have a total residence period of more than 10 years.

Applications can be submitted through the Gyeonggi Job Platform Jobaba website.

The required document, a resident registration abstract, does not need to be submitted separately if using the Public MyData service. However, in the case of proxy applications, the resident registration abstract file must be uploaded.

After eligibility screening, the city will provide local currency worth 250,000 KRW by October 20.

To receive it via mobile, applicants must install the local gift certificate app 'Chak' on their smartphone.

To receive it by card, applicants must apply for and obtain the 'Youth Dividend Card' from Shinhan Card Company.

The annual Youth Basic Income of 1,000,000 KRW must be applied for each quarter to receive payment. Those eligible for the 4th quarter payment (born between October 2, 1997, and October 1, 1998) can apply throughout November.

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