Han Donghoon: "Expanding Public Youth Internships to 30,000... Raising Youth Tomorrow Savings Account Limit to 30 Million Won"

Policy Vision for a Korea Where Youth Dreams Become Reality Announced
Large-Scale Youth Towns to Be Built in Seoul and the Capital Region

Han Donghoon, former leader and presidential hopeful of the People Power Party, announced on April 29 a set of youth policies that include expanding the number of public institution youth internship positions to 30,000 and raising the maximum limit for the 'Youth Tomorrow Savings Account' for low-income working youth to 30 million won.

On this day, Han unveiled the sixth installment of his policy vision series under the title "A Republic of Korea Where Youth Dreams Become Reality," pledging to guarantee opportunities for youth employment, asset building, and housing stability.

Han stated, "Due to the reduction in open recruitment by companies and the growing preference for experienced workers, young people are finding it increasingly difficult to even gain opportunities to build their careers." He promised, "We will significantly increase public institution internship opportunities in fields preferred by young people, such as finance, science and technology, cultural content, and healthcare."

He also pledged to raise the asset-building limit of the Youth Tomorrow Savings Account, a youth asset formation support program, to 30 million won, and to expand eligibility to 100,000 participants per year.

Additionally, he proposed the introduction of a new 'Youth Retention Incentive' to encourage young people to remain with small and medium-sized enterprises, as well as a special Earned Income Tax Credit (EITC) program for youth.

Yonhap News

As part of his housing stability measures, Han announced plans to build large-scale youth towns and expand shared youth housing complexes in areas near Seoul and the capital region where land prices are relatively low. In particular, he proposed creating youth housing spaces by utilizing idle spaces such as goshi-chon (exam villages) and closed school sites, and developing a variety of housing models tailored to different types of youth, including job seekers and non-university students.

Han further emphasized, "For young people and newlyweds, we will ease loan-to-value (LTV) ratio regulations and exempt them from acquisition and registration taxes when purchasing homes." He added, "We will significantly increase the supply of general housing units for young people and newlyweds, and expand opportunities for unmarried, non-homeowning youth who have previously been excluded from housing allocations."

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