대학신문방송국

A Useful Policy

By Kim Myeong-gyu Cub Reporter, Junior of Chemical and Biological Engineering

   From 2022, it is said that tailored asset subsidies that can support young people will be expanded from 1.7 trillion won to 2 trillion won. As financial support has been expanded, more young people can benefit from it. In particular, more help can be received in each field such as employment, housing, education, and welfare. Among the many policies, I would like to briefly introduce the representative youth policy contents and standards that young people should know.

   * Education and jobs

   1. National Tomorrow Learning Card: This is a policy that supports training expenses to develop and train vocational skills that are helpful for workplaces.

♦ Qualified targets: It can be issued to all citizens, aged 15 or older,who want to have vocational training. In the past, it was only possible for prospective college graduates, but now, students with less than two years before graduation, and also graduate students, can be subject to this card issuance.

♦ Support details: Basic support of 3 million won per person, up to a maximum of 5 million won can be provided. 45 to 85 percent of the tuition fee is provided by the government within the scope of support. Also, if the short-term attendance rate is high during the training period, training incentives will be paid.

♦ How to apply: You must register for membership after accessing the Vocational Training Portal (www.hrd.go.kr). Since you have to get a card, you must complete the public certification course. After completing the registration, click on the application for issue and proceed in sequence.

   2. Youth Challenge Support Project: This is a project that provides customized programs to encourage young people to seek jobs, participate in the job market, and promote employment.

♦ Qualified targets: Young people, from 18 to 34, who have not participated in employment and vocational training programs for the past 6 months, can apply.

♦ Support details: Customized programs are provided for 2 to 3 months. In addition, an incentive of 200,000 won will be paid to complete all courses. Here, customized programs include psychological counseling, one-to-one mentoring, and resume consulting.

♦ How to apply: Worknet Homepage -> Employment Welfare Policy Tab -> Click on the Youth Challenge Support Project, and proceed in order. Or you can enter the Website through scanning the QR code below.

   * Housing

   1. Youth ‘Jeonse’ loans: It is a project to provide loans at low interest rates for young people who lack rent funds.

♦ Qualified targets: You must be homeless at the time of applying for a loan. Also, only young people with an annual income of less than 50 million won (aged 19 to 34) are eligible.

♦ Support details: The limit is up to 70 million won, up to 80 percent of the deposit, and the loan rate is 1.5 ~ 2.1 percent, The loan period is at least two years and can be extended four times.

♦ How to apply: There are two types of applications. These are online and visiting applications. Online applications can be made on the Website of fund E-den Den, or visiting applications can be made at nearby bank branches. Also, various documents are required for application, including identification cards, resident registrations, health insurance, and income certificates. If you forget any of them, you cannot apply, so you must take all of them.

   2. LH Youth Rental Housing: If selected, Korea Land and Housing Corporation (LH) will sign a contract with the homeowner, and then rent it back to the selected person at a low price.

♦ Qualified targets: Young college students or job seekers, aged from 19 to 39, who are homeless can apply for this.

♦ Contents of application: College students can sign a contract with a house of less than 18 pyeong, which can be contracted by monthly rent, regardless of the type of officetel or apartment in the university area. The support limit is up to 120 million won in the metropolitan area, 95 million won in metropolitan cities, and 85 million won in other regions.

♦ How to apply: LH Subscription Center (apply.lh.or.k) -> Click the Purchase Lease Jeonse menu -> After that, you can press the subscription application on the website, or press the rental information to check related announcements.

   These days, young people are in a difficult situation due to the unemployment crisis, poor housing conditions, and financial burdens. The difficulties have recently increased due to the spread of COVID-19. However, in order to reform the lives of young people, these institutional foundations have recently been laid out, and I hope that young people can actively use these policies to get through the current difficult times.