SEOUL, SOUTH KOREA, February 19, 2018 – Starting from March 2 until 13, 2018, the Seoul Metropolitan Government will invite unemployed young people who will become recipients for the city’s cash subsidy program for this year. The subsidy program was first implemented last year as a minimal social safety net for jobless youth. The recipients are allowed to spend this cash allowances on job searches and preparation.
The Seoul Metropolitan Government plans to select a total of 7,000 recipients for this year, which is an increase of 2,000 over last year. Firstly, 4,000 young people who are looking for work will be selected in March and the remaining 3,000 will be done in May.
The recipients for the subsidy program are required to be unemployed, aged between 19 and 29 and residing in Seoul at a family with less than 150 percent of median household income as of February 20, 2018. They will be selected based on the amount of family income, the period of unemployment, the number of family dependents, and their activity plan to seek for a job.
The selected underprivileged youth will be receive 500,000 won ($467) in cash per month for job preparation for at least two months and up to six months. They will also be provided with trainings and mentoring programs offered by the Seoul Youth Guarantee Center. The Center is committed to creating jobs for young people, offering them unemployment subsidies and housing allowances, and setting up social spaces for them to engage in various activities.