Goyang City-Dongbu Saemaeul Geumgo Sign Agreement to Support 'Birth Celebration Baby Savings Account'

100,000 KRW Support for Opening a Baby Account in Goyang City
Six Years Since Project Launch... Now a Key Childbirth Support Policy in Goyang

Goyang Special City, Gyeonggi Province (Mayor Lee Dong-hwan) announced on the 13th that it signed a business agreement on the 12th with Goyang Dongbu Saemaeul Geumgo (Chairman Kim Jae-su) regarding the "Goyang Citizen Birth Celebration Baby Account Issuance Support Project."

Goyang Special City held a commemorative photo session after signing a business agreement with Goyang Dongbu Saemaeul Geumgo on the 12th for the 'Goyang Citizen Birth Celebration Baby Account Issuance Support Project.' Photo by Goyang Special City

This project provides a support fund of 100,000 KRW when opening a bankbook in the baby's name at Goyang Dongbu Saemaeul Geumgo, and the city plans to actively promote the project so that citizens can benefit from it.

In the first year of the project in 2020, the support amount was 40,000 KRW, but it was increased to 100,000 KRW the following year. Currently, the cumulative number of bankbooks opened under this project has reached about 2,800, showing strong public response.

Thus, when a first child is born in Goyang City and a baby account is opened, the total benefits amount to 3.1 million KRW, including the Goyang City childbirth support fund of 1 million KRW and the First Meeting Support Fund of 2 million KRW.

The Goyang City childbirth support fund provides △ 1 million KRW for the first child △ 2 million KRW for the second △ 3 million KRW for the third △ 5 million KRW for the fourth △ 10 million KRW for the fifth and beyond, while the First Meeting Support Fund provides 2 million KRW for the first child and 3 million KRW for the second and subsequent children.

The issuance target for the "Goyang Citizen Birth Celebration Baby Account" is citizens of Goyang City who reside with children born between July 1, 2024, and June 30, 2025, and who have registered their birth in Goyang City.

Those wishing to open an account can apply by visiting the main or branch offices of Goyang Dongbu Saemaeul Geumgo.

Mayor Lee Dong-hwan of Goyang Special City said, "We expect this project to create a childbirth encouragement atmosphere in the local community and serve as a driving force for reversing the birthrate decline," adding, "We are grateful to Goyang Dongbu Saemaeul Geumgo for their active cooperation despite the difficult economic situation."

Kim Jae-su, Chairman of Goyang Dongbu Saemaeul Geumgo, stated, "We hope that the Birth Celebration Baby Account Support Project will remain a good precedent for solving the low birthrate problem, and we will actively promote return projects that can contribute to the development of the local community and economy beyond childbirth-related support projects."

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