Total of 5.8 million KRW to be paid out, including Gyeonggi-do’s additional support, if 100,000 KRW is saved monthly for two years
Recruiting 3,000 young people from August 1-18
, “【Financial News Suwon=Jang Choong-sik】 Gyeonggi-do announced on July 31st that it would be recruiting 3,000 participants for the ‘Gyeonggi-do Youth Worker Savings Account’ from August 1 to 18, to encourage young workers’ motivation to work and help them establish a foundation for independence.”,
, “A young person participating in the Youth Worker Savings Account who saves 100,000 KRW monthly for two years, totaling 2.4 million KRW, can receive a total of 5,808,000 KRW (including 1,000,000 KRW in local currency) at maturity, with Gyeonggi-do additionally depositing 142,000 KRW monthly.”,
, “Applicants must be young workers aged 19 to 39 residing in Gyeonggi-do as of the announcement date and belong to households with an income of 120% or less of the median income.”,
, “Part-time workers and self-employed individuals may also apply, but the Youth Worker Savings Account cannot be combined with other national asset-building support programs like the Youth Tomorrow Savings Account or similar programs from other municipalities like the Seoul Hope Twofold Youth Account.”,
, “The recruitment announcement can be found on the Gyeonggi-do government and Youth Worker Savings Account websites, and applications can be made online only, from 9 a.m. on August 1 to 6 p.m. on August 18.”,
, “The province plans to announce the final participants on October 2 after reviewing documents and checking for overlapping with similar programs, and further details can be inquired through the new recruitment call center or the Gyeonggi-do call center.”,
, “Kim Seon-hwa, head of the Gyeonggi-do Youth Opportunity Division, said, ‘The Gyeonggi-do Youth Worker Savings Account is a policy to help young people in their early career stages build assets. We will support young workers’ preparation for a stable future and independence together with Gyeonggi-do.”,
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