If You Deposit 100,000 Won Monthly, 7.2 Million Won After 3 Years... Changwon City Offers 'Hope Savings Account' for Low-Income Families

Applications Accepted from the 12th to the 29th of Next Month

Changwon City Hall Panorama

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Changwon City, Gyeongnam Province announced on the 28th that it is recruiting new subscribers for the 4th round of the ‘Hope Savings Account II’.

The application period is from the 12th to the 29th of next month. By joining this account, which provides low-income households with an opportunity to save a lump sum, if you save 100,000 KRW per month, you will receive a 100,000 KRW earned income credit matched 1 to 1 with your savings, allowing you to receive a total of 7.2 million KRW including your own savings after 3 years.

The eligible applicants are working households receiving housing and education benefits and the lower-income class with less than 50% of the median income. Once confirmed as eligible through work status and income/property investigation, savings payments can begin from December. Then, you must ▲ maintain work activity for 3 years ▲ complete case management and capacity-building education ▲ and submit supporting documents for the use of 50% of the support funds for housing rent, education, etc.

The 4th round of Hope Savings Account II is the last recruitment of this year, and those who wish to apply can visit their local eup/myeon/dong administrative welfare center to apply.