Dobong-gu Enacts ‘Ordinance on the Establishment and Operation of the Youth Fund’ to Secure Stable Funding for Youth Policies
Securing Stable Funding to Promote Youth Policies Such as Loans for Rental Deposits of Youth Housing and Startup Spaces, Support for Skill Development and Startup Promotion, and Support for Living Stability and Cultural Activities
Planning to Secure a Total Fund of 3 Billion KRW by 2025
Dobong-gu (Mayor Oh Eon-seok) announced on the 10th that it has promulgated the Seoul Dobong-gu Ordinance on the Establishment and Operation of the Youth Fund.
With this, the district has laid the foundation to stably secure financial resources necessary for forming a foundation for youth independence and improving their quality of life.
The promulgated ordinance includes ▲ loan projects for rental deposits of youth housing and startup spaces ▲ projects related to youth skill development and startup promotion ▲ projects for youth living stability and activation of cultural activities ▲ installation and improvement of youth facilities ▲ establishment of the Youth Fund Operation Deliberation Committee, among others.
After the ordinance enactment, the district plans to complete the establishment of enforcement rules and product development through agreements with financial institutions, and to implement the loan project for rental deposits of youth housing and startup spaces starting from the first half of 2024.
Oh Eon-seok, Mayor of Dobong-gu, stated, “Beyond the loan projects, we will continue to provide necessary support to help Dobong-gu youth achieve independence and improve their quality of life by promoting various youth policy projects through the established fund.”
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