Changwon Special City Completes Payment of 2 Billion KRW in Newcomer Support Funds to 2,146 Recipients This Year
Reducing Economic Burden for New University Students in the District
and Promoting Local Talent Development
Changwon City, Gyeongnam Special City, announced on the 2nd that it provided a total of 2.012 billion KRW in Changwon Newcomer Support Funds to 2,146 recipients this year to support the stable academic life of university freshmen.
The 'Changwon Newcomer Support Fund' is a program that provides up to 1 million KRW to students aged 34 or younger who graduated from high schools within Changwon City and enrolled in universities within Changwon City, and who have maintained resident registration in Changwon City continuously for more than one year as of March 1 of this year.
The city paid a total of 1.065 billion KRW in June to 2,013 students who applied in the first round conducted from March to April, providing 500,000 KRW each as the first semester support fund. Then, after confirming enrollment status in November, the city paid 500,000 KRW as the second semester support fund to 1,745 students, totaling 872.5 million KRW in December.
Additionally, through the second round of applications held from September to October for freshmen who missed the first application, the city provided a total of 133 million KRW, including both first and second semester support funds, to 133 students.
The city plans to pay the unpaid 500,000 KRW to students who did not receive the second semester support fund due to leave of absence or withdrawal if they reapply for the program next year after confirming their enrollment status.
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Shim Dong-seop, Director of the Autonomous Administration Bureau, said, “We hope the Changwon Newcomer Support Fund will greatly help create a stable academic environment for university freshmen,” and added, “We will diligently carry out this program in 2025 as well to foster local talent.”
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