Yeosu City Supports Housing Costs for Young Employed Workers

Jeonnam Region Highest Number of Applicants, Up to 200,000 KRW per Month for Maximum 12 Months

Yeosu City, Jeollanam-do (Mayor Jeong Gi-myeong) announced that it will support the largest number of young people in Jeollanam-do with the "Housing Expenses for Young Employees" program to help young people achieve housing stability and economic independence.

This year, the support scale is a total of 111 people, and the application period is from the 11th to the 22nd of this month.

[Photo provided by Yeosu City]

The eligible applicants are young workers or business owners aged 18 to 45 without housing who reside in Yeosu City, have a standard median income of 150% or less, and live in jeonse housing (with loans of 50 million KRW or more) or monthly rent housing (60 million KRW or less).

Selected applicants can receive 200,000 KRW per month, supported quarterly for up to 12 months.

Youth wishing to apply should prepare the application form and required documents and visit the Youth Job Division at City Hall (74 Jinnam Sports Complex-gil) to apply.

Yeosu City plans to select recipients by the end of April after verifying eligibility.

Kim Tae-wan, head of the Youth Job Division, said, "We hope that the young people who work diligently in our city can relieve some of their housing cost burdens, gain vitality in life, and have the freedom to dream of new challenges," adding, "We will continue to develop various policies to support the lives of young people."

Meanwhile, last year, Yeosu City supported housing expenses for 77 young people.