Yongin City, Hope Savings Account II and Tomorrow Hope Savings Account Subscriber Education

On the 20th, Yongin Special City in Gyeonggi-do announced on the 21st that it conducted asset management education for about 100 subscribers of the asset-building support projects ‘Hope Savings Account II’ and ‘Tomorrow Savings Account’ at the City Hall Ace Hall.

The asset-building support project is a program where low-income earners with earned income save a fixed amount monthly, and the government provides matching funds. Among these, the ‘Hope Savings Account II’ is for recipients of housing and education benefits with earned income and the near-poor class, while the ‘Tomorrow Savings Account’ is for participants in self-support work projects.

During the education session, topics such as the credit scoring system, factors affecting credit evaluation, and effective ways to improve credit scores were introduced. Lectures on precautions when taking loans and methods to overcome debt crises were also provided.

Subscribers to the ‘Hope Savings Account II’ receive a matching incentive of 100,000 KRW when saving 100,000 KRW monthly. ‘Tomorrow Savings Account’ subscribers can save between 50,000 and 200,000 KRW monthly. The maintenance period for both accounts is three years, during which subscribers must complete at least four educational sessions.

A Yongin City official stated, “We will strive to expand the number of eligible participants for the asset-building support projects through active promotion.”

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