Mayor Baek Kyunghyun: "Continuous Public-Private Cooperation for Childbirth Encouragement... Creating a Family-Friendly Society"

Guri City and Guri Saemaeul Geumgo
Extension of "Our Child Hope Savings Account" Agreement
Congratulatory Grant Increased from 70,000 Won to 80,000 Won

Guri City in Gyeonggi Province (Mayor Baek Kyunghyun) announced on May 7 that it had signed a business agreement with Guri Saemaeul Geumgo (Chairman Yoo Kyungsuk) on May 2 to extend the "Our Child Hope Savings Account Project," which is being promoted as part of the childbirth encouragement policy.

Baek Kyunghyun, Mayor of Guri (right), signed a business agreement on the 2nd with Yoo Kyungsuk, Chairman of Guri Saemaeul Geumgo, to extend the "Our Child Hope Savings Account Project," which is being promoted as part of the childbirth encouragement policy. Provided by Guri City

At the signing ceremony, Mayor Baek Kyunghyun said, "I am grateful that private financial institutions are joining us to overcome the low birth rate crisis, which is one of the biggest challenges facing South Korea."

The "Our Child Hope Savings Account Project" is a joint initiative between Guri City and Guri Saemaeul Geumgo to celebrate the birth of newborns. If a savings account is opened in the name of a newborn born in Guri City, a congratulatory grant is provided. Through this agreement, the grant amount will be increased from 70,000 won to 80,000 won starting from May 1, 2024.

This project began in 2018, and over the past seven years until the end of last year, a total of 1,075 newborns have benefited. It has been extended every year due to Mayor Baek's strong commitment. The city expects that such policies will contribute to making Guri a city where it is good to have and raise children.

Mayor Baek Kyunghyun stated, "We will continue to do our best, together with the local community, to encourage childbirth among citizens and to create a family-friendly social atmosphere."

Meanwhile, new applications for the Our Child Hope Savings Account are available for infants born after January 1 this year who reside in Guri City. Applications can be submitted at the main branch or any of the four local branches of Guri Saemaeul Geumgo.