Ulsan City Recruiting Candidates for Youth Successor Farmer Settlement Support Project

Up to 1.1 Million KRW Monthly Support for 3 Years, 500 Million KRW Loan

Applications Accepted via Agricultural Business Information System Until January 31

Ulsan City is launching a project to recruit and support young agricultural talents to settle down.

On the 14th, Ulsan City announced that it is recruiting candidates for the "2024 Young Successor Farmer Settlement Support Project" until the 31st of this month to promote the entry of young and talented individuals who will lead the future of rural areas into the agricultural sector.

Eligible applicants are young farmers or prospective farmers aged 18 to under 40 (born between January 1, 1984, and December 31, 2006) with less than three years of independent farming experience, whose income and assets are below a certain level.

Applicants whose health insurance premium for their household (either personal burden or assessed amount) exceeds 120% of the median income cannot apply.

Applications can be submitted through the Agricultural Project Information System by the 31st.

After reviewing the applicants' documents, Ulsan City plans to hold an evaluation committee composed of external experts to conduct document screening (February) and interview evaluations (March), and finalize the project participants by the end of March.

Selected young farmers will receive up to 1.1 million KRW per month for a maximum of three years as farming settlement support funds, startup funds (up to 500 million KRW) for purchasing or leasing farmland and facilities, preferential guarantees from the Korea Agricultural Credit Guarantee Fund, and priority support for farmland leasing.

Regarding startup funds, the final support amount may vary depending on the credit evaluation by the lending institution, so it is recommended to consult with the lending institution in advance.

Detailed information can be found on the Ulsan City website or on "Greendaero," and inquiries can be made through the Young Farmer Information Call Center.

An official from Ulsan City stated, "We will do our best to help young people settle stably and grow as key agents to innovate our agriculture and rural areas."

Ulsan City Hall.

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