Promotion of Various Youth Policy Support Projects,
Economic and Institutional Support for Youth
Gwangyang City, Jeollanam-do (Mayor Jeong Inhwa) announced that since March this year, it has been providing various benefits to local youth through the implementation of various youth support policy projects, drawing attention.
△ Gwangyang Youth Dream Center, Launching Various New Initiatives
Since February 1, the city has been operating the "Youth Inspiring Wings" program, a free suit rental service for youth aged 18 to 45 in the region, to alleviate their financial burdens and support new challenges such as job hunting.
Rentals can be made by pre-registering on the Gwangyang Youth Dream Center website and then visiting the center with an ID card and deposit. Rental items include ▲for men: jackets, pants, shirts, belts, and neckties, and ▲for women: jackets, skirts, pants, and blouses, available in various sizes.
Over the past month, more than 20 young people have used the free suit rental service, and the response has been very positive.
Additionally, the city has newly established the "Dream Class" project, where youth or experts with diverse experiences and professional capabilities in the region act as program operators to plan and run programs tailored to the needs of local youth.
In February, experts in 14 fields including crafts, arts, and education were recruited, and from March to May, any youth in the area can participate in the education free of charge.
In February, the city was selected for the Ministry of Employment and Labor's "Youth Challenge Support Project" and plans to run a three-stage (Challenge-Basic-Advanced) program from April at the Youth Dream Center for youth who are willing to work but face difficulties in taking on challenges.
△ Youth Culture Welfare Card, Housing Cost Support for Employed Youth
The "Youth Culture Welfare Card Support Project" provides 250,000 KRW in cultural welfare funds to offer youth opportunities for cultural enjoyment and self-development.
The eligible applicants are youth aged 19 to 28 (born between 1996 and 2005) who currently have their resident registration address in Gwangyang City and have continuously resided in Jeollanam-do since before March 1, 2022.
Youth wishing to apply can visit their local eup/myeon/dong office or apply online through the Gwangju Bank website by the 31st of this month. Once the application is complete, support funds will be provided starting in May.
The housing cost support project for employed youth provides up to 2.4 million KRW over 12 months, paying 200,000 KRW monthly to youth living in rented housing to stabilize their housing situation. This year, 53 applicants will be selected.
Eligibility requires youth workers or business owners aged 18 to 45 with a registered address in Gwangyang City, household income recognized as 150% or less of the median income, and living in rental housing with a lease loan of 50 million KRW or more or housing costing 600,000 KRW or less, and who do not own a home.
Eligible applicants should visit their local eup/myeon/dong office by the 22nd to apply.
△ Support for Youth Entrepreneurs Utilizing Vacant Stores in Downtown
The "Support Project for Youth Entrepreneurs Utilizing Vacant Stores in Downtown" discovers young talents with entrepreneurial will and business ideas, providing up to 20 million KRW per person for startup costs such as interior and rent, along with education and customized consulting.
Applicants must be youth aged 18 to 45 residing or planning to reside in Gwangyang City as of the announcement date. Those planning to reside must complete their move-in registration to Gwangyang City within one month of being selected as a final youth entrepreneur.
The recruitment fields cover all sectors except some unsuitable industries such as entertainment and gambling, and public welfare projects like welfare facilities, including the 6th industry, manufacturing/technology startups, knowledge/general startups, etc.
Youth entrepreneurs wishing to apply should prepare the required documents and submit them in person to the Youth Employment Division of Gwangyang City Hall from the 18th of this month to April 12, referring to the announcement on the Gwangyang City website.
△ Gwangyang Youth Housing Loan Interest Support and Youth Hope Stepping Stone Savings Account Project Operated Year-Round
The "Gwangyang Youth Housing Loan Interest Support Project" is recognized as an excellent policy even within the province. It supports interest payments on loans for home purchase or rental for non-homeowners aged 19 to 39 who reside or plan to reside in Gwangyang City.
For purchases, it supports up to 3 million KRW annually on loans up to 100 million KRW, and for rentals, up to 2 million KRW annually on loans up to 66 million KRW. Eligible applicants can apply by visiting or emailing the Youth Employment Division of Gwangyang City Hall.
The "Youth Hope Stepping Stone Savings Account Project" matches 100,000 KRW monthly deposits made by youth with an additional 100,000 KRW from the city for 36 months. The project targets youth aged 18 to 45 with household income at or below 120% of the median income who are workers or business owners. Recruitment for 2024 will begin in April.
Park Jeonggyu, head of the Youth Policy Team at Gwangyang City, said, "Our city is implementing various youth policies so that young people can freely enjoy their dreams and plan a hopeful future. Since the new projects create an environment where youth can directly discover opportunities, we hope many young people will apply for the various ongoing policies and benefit from them."
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