[2024 Budget] Helping Reclusive Youth Find Employment... 14 Trillion Won for Youth Support

The government will provide 14.6 trillion won next year to strengthen support for young people preparing for employment and NEETs (those not receiving education or engaged in vocational training).

According to the '2024 Budget Plan' announced by the government on the 29th, the government plans to support 1.4531 trillion won, an increase of 560 billion won from this year, to help isolated and reclusive youth reintegrate into society. A comprehensive support platform will be established to identify NEET youth and provide psychological counseling and educational programs, along with specialized work experience programs. Customized employment services will be expanded for job-seeking youth, and the national technical qualification exam fees will be reduced by 50%. A budget has also been prepared to provide incentives to youth who secure employment in vacant jobs, with 1 million won provided after 3 months of employment and another 1 million won after 6 months.

The supply of youth public sale and rental housing will be significantly expanded from 53,000 units to 67,000 units, and 7.0507 trillion won has been allocated to promote the so-called ‘Sanridan-gil Project,’ which aims to create industrial complexes in environments preferred by youth. This is an increase of 2.012 trillion won compared to this year's budget. The industrial complex environment improvement fund budget, intended to attract young talent by improving old industrial complex environments through dormitory-style officetels and convenience facilities, has been expanded by about 100 billion won to 186.8 billion won. To prepare all basic livelihood security recipient households' children for independence, 126.7 billion won will be invested in supporting subscriptions to the Didim Seed Account, an increase of 76.8 billion won from this year. The Didim Seed Account is a savings support project to assist vulnerable children with initial costs upon entering society, with the main change being the expansion of the eligible subscription age from 12?17 years to from birth to 17 years.

A budget of 660 billion won has been allocated to reduce social disparities in multicultural and single-parent families, an increase of 80 billion won from the previous year. To support educational activity expenses for children from low-income families, basic learning and career support, and the expansion of university student mentoring, 43.4 billion won has been allocated, an increase of 30.9 billion won from this year. Additionally, 5.2 billion won will be spent to establish centers for specialized vocational training for multicultural children and support for migrant parents' native language learning. The budget for expanding the scope of child-rearing support for single-parent children and increasing the support amount for adolescent single-parent child-rearing has been increased by 39.7 billion won to 535.6 billion won.

A budget of 232.9 billion won, an increase of 92.4 billion won from this year, will be invested to eliminate medical blind spots. Investments in personnel and equipment infrastructure will be expanded to address medical gaps in pediatric and essential emergency fields, and the number of vehicle-type emergency rooms such as Doctor Car and Doctor Helicopter will be increased.

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