'A Strong Support for Out-of-Home Youth'... Gyeonggi-do's 'Jalip Dubae Account' Applications Open from the 24th

Gyeonggi-do Self-Reliance Double Savings Account Poster

Gyeonggi Province will begin recruiting participants for the ‘Self-Reliance Double Savings Account’ program to support the economic independence of ‘out-of-home youth’ starting from the 24th.

The Self-Reliance Double Savings Account is a project that supports youth who have used youth shelters or youth self-reliance support centers by allowing them to freely save between 10,000 KRW and 100,000 KRW per month. Gyeonggi Province will add double the saved amount (up to 200,000 KRW) to help them secure minimum self-reliance funds.

If a youth saves 100,000 KRW monthly, they can accumulate 2.4 million KRW in principal over two years. Adding the 4.8 million KRW support from Gyeonggi Province, the total reaches 7.2 million KRW. Calculated over a maximum of six years, this amounts to a lump sum of 21.6 million KRW.

The program targets out-of-home youth aged 15 to 24 residing in the province who have lived in or received support from a youth shelter or youth self-reliance support center for at least one year. Selected youths can receive support for up to six years in two-year increments.

The recruitment period is from the 24th of this month to the 24th of next month. Applications can be submitted through the youth shelter or youth self-reliance support center where the youth currently reside.

Ko Young-mi, Director of the Youth Division of Gyeonggi Province, stated, "Gyeonggi Province will do its best to ensure that the Self-Reliance Double Savings Account program greatly helps out-of-home youth achieve stable self-reliance."

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