Yeongju City to Provide Up to 500,000 KRW Moving Expense Support for Youth

Applications Open from the 20th
for Young Household Heads with Income
at or Below 150% of the Median Income

Yeongju City in Gyeongbuk will implement the ‘Youth Moving Expense Support Project’ starting from the 20th to alleviate the economic burden on young people and help stabilize their housing.

This project provides support of up to 500,000 KRW for moving-related expenses such as real estate brokerage fees, moving and packing costs, and move-in cleaning fees. It was established to help stabilize the housing situation of young households facing significant economic burdens.

The support targets young household heads aged 19 to 39 who rent or purchase a home and move to Yeongju from another region after January 1, 2024. Applicants must have been registered residents of Yeongju for at least one month as of the application date and have an income at or below 150% of the median income.

Applicants can apply even if there are cohabitants on the resident registration (such as parents, spouse, siblings), but the household head and the tenant (or purchaser) of the home must be the applicant themselves. However, if the applicant rents or purchases a home owned by their parents, they are not eligible to apply.

The application period is from January 20 to December 26, but it may close early if the budget is exhausted. Applicants must bring essential documents such as a copy of the sales contract or lease agreement and proof of moving expenses to the nearest Eup, Myeon, or Dong administrative welfare center or the Yeongju City Hall Job and Economy Division to apply.

Geum Won-seop, head of the Job and Economy Division, said, “We hope that supporting moving expenses for young people moving to Yeongju will reduce the economic burden on young households who move frequently. We will prepare various policies reflecting the opinions of young people to make Yeongju a better place for youth to live.”

Poster for Yeongju City's 2025 Youth Moving Expense Support Project.

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