Hwaseong City and NH Nonghyup Bank Sign Business Agreement for 'Yeonji Geonji Account' Marriage Promotion Matching Project

[Suwon Ilbo=Park Chan-hyuk] Hwaseong Special City signed a business agreement with NH Nonghyup Bank on June 24 for the smooth implementation of the marriage promotion matching account project 'Yeonji Geonji Account.'

The agreement ceremony was attended by Hwaseong City Mayor Jeong Myeong-geun, NH Nonghyup Bank Hwaseong Branch Manager Kim Chang-gyeom, and citizens selected for the 'Yeonji Geonji Account' project.

The 'Yeonji Geonji Account' is a case where a citizen proposal selected as an excellent work in Hwaseong City's 2024 low birthrate policy proposal contest was reflected as policy. It is characterized by being designed as a locally customized program considering Hwaseong City's demographic characteristics, including active youth population influx and high marriage rates.

The project targets unmarried youth aged 19 to 39 residing in Hwaseong City. Participants can save up to 300,000 won monthly, and the city provides additional support of up to 90,000 won monthly at a 1:0.3 matching ratio.

Based on a 2-year maturity, individuals can accumulate up to 7.2 million won in personal savings plus up to 2.16 million won in city support, for a total of up to 9.36 million won in marriage funds.

This year's project targets 700 people. The recruitment period in May showed strong interest with 1,710 applications.

Under this agreement, NH Nonghyup Bank handles all financial operations including △opening and managing 'Yeonji Geonji Account' △operating participant savings accounts △disbursing Hwaseong City matching support funds.

Hwaseong City Mayor Jeong Myeong-geun said, "This agreement is significant in establishing a financial foundation to substantially support young people's marriage and childbirth," and added, "Hwaseong City will continue to discover and expand diverse policies to enhance the quality of life for youth and create a positive social atmosphere regarding marriage and family."