Yongin City to Invest 238.7 Billion KRW in Birth Policies This Year... 32.4 Billion KRW Increase from Previous Year

Yongin City Hall Exterior View

Yongin City in Gyeonggi Province has prepared customized policies to proactively respond to social changes caused by low birth rates.

Yongin City announced on the 6th that after analyzing population structure trends and gathering citizens' opinions, it determined the need to discover new projects and expand policies, allocating a budget of 238.7 billion KRW for this year's birth policies, an increase of 32.4 billion KRW compared to last year.

Accordingly, the city will promote 79 projects in three areas aimed at creating "Yongin, where daily life is happy with children": ▲ a society where people work and care together (children) ▲ a society where everyone's capabilities are evenly demonstrated (youth) ▲ adaptation to population structure changes (awareness improvement).

This year, the city newly added projects such as transportation cost support for families with multiple children celebrating births, water and sewage fee reductions, export internship support for university students, and support for youth jeonse deposit return guarantee fees. Additionally, the parent allowance (infant subsidy), which was 300,000 KRW per month, has been increased to 700,000 KRW, along with budget expansions for 10 other projects.

Among the life-cycle projects in the low birth rate sector prepared by the city, the largest portion is allocated to projects targeting infants and children.

The city has allocated 219.2 billion KRW for these projects, an increase of 31.5 billion KRW from last year, expanding support for parent allowances, birth supplies, after-school facility expansion, and student commuting support projects.

Furthermore, the city will invest 18.1 billion KRW, accounting for 7.6% of the total budget, in policies supporting youth employment and housing stability, as well as job support projects for women experiencing career interruptions.

Lee Sang-il, Mayor of Yongin City, emphasized, "We will strengthen support to establish a dense care system that guarantees children's basic rights and helps youth build a foundation for independence during important life stages such as education, employment, marriage, and childbirth." He added, "Along with this, we will make every effort at the city level to overcome the nation's greatest challenge, the low birth rate issue."

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