Geochang-gun, Recruiting New Applicants for 2024 Youth Tomorrow Savings Account

Saving 100,000 KRW Monthly for 3 Years
Support from 3.6 Million KRW up to 10.8 Million KRW

Geochang-gun, Gyeongnam Province, is recruiting new subscribers for the ‘Youth Tomorrow Savings Account’ from May 1 to 21 to help economically struggling young people save a lump sum and start their social life with confidence.

The ‘Youth Tomorrow Savings Account’ is an asset-building support program for △young people aged 19 to 34 who are working at the time of application △those with earned income or business income exceeding 500,000 KRW and up to 2,300,000 KRW per month △household income recognized for the young person’s household is at or below 100% of the median income.

Geochang-gun Youth Tomorrow Savings Account Poster

In particular, young people aged 15 to 39 who are basic livelihood security recipients or belong to the near-poverty class with income can join depending on the need for additional support.

Subscribers who save at least 100,000 KRW monthly for three years will receive a matching grant of 100,000 KRW per month from the government, while basic livelihood security recipients and the near-poverty class will receive a monthly grant of 300,000 KRW.

Youth wishing to apply must visit their local administrative welfare center during the application period with documents proving income, such as a certificate of employment or income statement, and a lease contract. For further inquiries, consultation is available through the Welfare Policy Division of Geochang County Office. Eligible candidates will be selected in August after a household income and property investigation.

County Governor Gu In-mo said, “We ask for active applications so that more young people can benefit, and we will continue to strive to support the independence of the working youth.”

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