Gyeonggi Province began accepting applications for the second-quarter "Gyeonggi Youth Basic Income" program on Tuesday.
Eligible applicants for the second quarter are 24-year-olds as of April 1, born between April 2, 2001 and April 1, 2002. Applicants must be registered residents of Gyeonggi Province as of the application date and have either lived continuously in the province for at least three years or accumulated a combined residency of 10 years or more. Foreigners, individuals with unknown residency status, and youth living in Seongnam and Goyang — cities that do not participate in the program — are excluded.
Applications can be submitted online or via mobile through Gyeonggi Province's job platform "Jobaba" until 6 p.m. on the 30th of this month. Resident registration abstracts required for the application are automatically submitted with consent to the public MyData service. Recipients of basic livelihood security benefits can receive a lump-sum payment instead of quarterly installments by submitting separate supporting documents.
Existing applicants who have agreed to automatic application will be included in the review process without a separate application procedure. However, those with changes to personal information or those wishing to retroactively apply for missed payments from the third quarter of last year through the first quarter of this year must update their information within the second-quarter application period. Applicants not selected in the previous quarter are not automatically included in the review and must reapply.
Gyeonggi Province will pay selected youths 250,000 won in local currency per quarter starting July 20. Recipients can receive up to 1 million won in total, regardless of employment status, graduation status, income, or assets. The local currency issued is valid for three years from the date of payment and can be used at local currency-affiliated merchants in the city or county listed on the recipient's resident registration.
Detailed information on where the currency can be used is available on the Gyeonggi Youth Basic Income application page and the Gyeonggi Local Currency app.
