Gyeonggi Province Recruits 5,000 Young Workers for First Half of 2021 'Youth Worker Savings Account'

[Suwon Ilbo=Reporter Park No-hun] Gyeonggi Province will recruit 5,000 new participants for the first half of the 'Gyeonggi Province Youth Worker Savings Account for 2021' from April 23 to May 10.

The Gyeonggi Province Youth Worker Savings Account is a project that provides 5.8 million won (4.8 million won in cash and 1 million won in regional currency) after two years, including monthly government support of 142,000 won, when participants save 100,000 won per month while maintaining employment for two years.

At the 24-month maturity, participants must meet conditions including residing in Gyeonggi Province, maintaining employment and savings, completing three mandatory educational sessions, and submitting a usage plan.

Applicants must be residents of Gyeonggi Province aged 18 to 34 years old (as of April 19, the announcement date) with income at or below 100% of the median income standard classified as 'young workers'. Part-time workers and self-employed individuals can also apply.

Notably, starting this year, the age limit has been extended up to 39 years old in proportion to military service obligation periods, aimed at eliminating discrimination from uniform age restrictions.

Additionally, considering economic difficulties due to COVID-19, the number of recruitment periods has been increased from once last year to twice this year (first and second half).

To strengthen protection of young people facing financial crises, bonus points given to those undergoing personal rehabilitation and credit recovery support (payers for 12 months or more) have been changed from the existing 3 points to 5 points.

The recruitment announcement can be found on the Gyeonggi Province Government website (www.gg.go.kr) notices and announcements section and the Youth Worker Savings Account website (https://account.jobaba.net).

Applicants must review the announcement carefully for accurate applications.

The province plans to announce final participants on June 15 after document review, verification of duplicate participation in similar projects, and deliberation by the selection committee.

Applicants can individually check their selection status on the Youth Worker Savings Account website.

Jung Hyun-ah, director of Gyeonggi Province's Youth Welfare Policy Division, said, "We hope this new recruitment will serve as a stepping stone for young people struggling with the prolonged COVID-19 pandemic, and we look forward to many young workers applying."

Meanwhile, the Youth Worker Savings Account project was first implemented in 2016 to enhance the work motivation of low-income young workers and strengthen their financial capabilities. To date, 25,000 participants have been selected.