Goyang City and Goyang Dongbu Saemaeul Geumgo Sign Agreement to Support the "Birth Celebration Baby Savings Account" Project
100,000 Won Provided When Opening an Account in the Baby's Name
Over 3,500 Beneficiaries Since Launch in 2020
Goyang Special City in Gyeonggi Province (Mayor Lee Donghwan) strengthened public-private cooperation to overcome the low birth rate crisis by signing a business agreement on the 6th with Goyang Dongbu Saemaeul Geumgo (Chairman Kim Jaesoo) for the "Goyang Citizen Birth Celebration Baby Savings Account Issuance Support Project."
Goyang City and Goyang Dongbu Saemaeul Geumgo sign a memorandum of understanding to support the Newborn Celebratory Savings Account. Provided by Goyang Special City
View original imageLaunched in 2020, this project has been continuously implemented for seven years as of this year and has firmly established itself as a tangible childbirth support policy of Goyang City. As of the end of December 2025, the cumulative number of baby savings accounts opened reached a total of 3,542.
The support is available for babies born between July 1, 2025 and June 30, 2026, whose families, as of the application date, reside in Goyang City and have completed birth registration within the city.
The application process is simple. From March to December this year, parents can visit the head office or any branch of Goyang Dongbu Saemaeul Geumgo to open an account in the baby’s name and apply for the congratulatory payment, upon which 100,000 won will be provided per child. However, if the allocated budget is exhausted, the project may end earlier than scheduled.
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An official from Goyang City said, "This project is a model case in which a private financial institution and a local government join hands to respond jointly to the low birth rate issue," adding, "Based on the trust we have built with citizens over the past seven years, we will continue to expand effective policies to make Goyang City a better place to raise children."
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