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Hwaseong Launches Nation's First Marriage-Incentive Matching Savings Account "Yeonji-Gonji Account"

Monthly maximum savings of 300,000 won receives matching support of up to 90,000 wonReceive up to 9.36 million won after 2 years...systematic support for marriage preparation
Yeonji-Gonji Account promotional poster.
Yeonji-Gonji Account promotional poster.

[Suwon Ilbo=Park Chan-hyuk Reporter] Hwaseong Special City announced on the 1st that it will implement 'Yeonji-Gonji Account,' a special support project for young people preparing for marriage, marking the nation's first initiative of its kind.

The 'Yeonji-Gonji Account' is a marriage-incentive matching savings account designed to alleviate the economic burden young people face during marriage preparation. When participants save up to 300,000 won per month, the city matches 30% of the savings amount, adding up to 9,000 won monthly to the account.

For those who marry within 2 years of opening the account and complete premarital education, a maximum of 9.36 million won can be received by combining personal savings with the city's matching support funds. This is expected to provide significant assistance to young people hesitant about marriage.

Beyond simple financial support, it is being recognized as the nation's first model that links with premarital education programs to systematically support the marriage preparation process while addressing practical economic burdens.

Additionally, this project is meaningful in that an idea directly proposed by a citizen in the 2024 'Hwaseong City Low Birth Rate Overcoming Policy Proposal Contest' has been realized as policy. This reflects the city's active incorporation of citizens' voices into city administration.

Applicants must be between 19 and 39 years old, currently employed, residing in Hwaseong as of the announcement date (May 2, 2025), and planning to marry. A total of 700 people will be recruited.

The recruitment period runs from May 2 to the 31st of this month. Applications can be made conveniently online through Hwaseong City's integrated reservation system or via the QR code on the promotional poster. When applying, applicants must prepare and submit a certificate of family register, certificate of marital status, and documentation confirming employment and income.

Mayor Jung Myung-geun stated, "I hope the 'Yeonji-Gonji Account' project becomes a practical force for young people hesitant about marriage due to economic burden, and supports systematic marriage preparation to help establish stable families. The city will continue to implement various support policies to enable young people to plan their futures and take on challenges."

For more details, contact the Hwaseong City Call Center at 1577-4200.

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