It’s more than just cash’: Young Seoulites navigate future with city’s youth allowance program

From Lee Suh-yoon / The Korea Times: The Youth Allowance Program in Seoul gives lower to middle-class residents (aged 19 to 34) a monthly stipend of 500,000 won ($418) for up to six months to ease the financial burden of only having part-time work (or no employment). This program allows youth to attend school, take training classes, and take time to find more suitable employment. This stipend has been noted to increase autonomy and choice and reduce the mental burden of not having full-time employment.

Read the original story here.

Issue Areas:

Universal Basic Income

Impact Areas:

Equity

Actors:

Government

Communities Served:

Communities Experiencing Economic Hardship, Youth and Young Adults

Strategies:

Easing Economic Burdens for Individuals, Universal Basic Income

Success Factors:

Eliminating Barriers, Meeting People Where They Are At, Overcoming the Big Challenges, Providing Cash Instead Of Goods/Services

Geographic Region:

Asia

Countries:

South Korea

Date:

May 22, 2019

More Resources:

Banks For The People

From Piper French / Noema: Public banks are owned and run by governments, and because they store money for the state instead of individuals, they can invest back into the communities they serve instead of extracting from them in the...

Conversation with Luisa Fernanda Bacca Benavides

Luisa Fernanda Bacca Benavides is a Colombian lawyer specializing in human rights. She has over seven years of experience within the United Nations system, where she has developed strategies to prevent internal displacement and protect the territorial rights of indigenous...

Conversation with Natalia Linou

Natalia Linou (Linos) is a policy specialist at the United Nations Development Programme (UNDP). Her current role as part of UNDP’s HIV, health and development team is focused on the prevention of non-communicable diseases and on developing an emerging area...

Conversation with Jonathon Freeman

Jonathon Freeman is a founding member of the Native Roots Network, an Indigenous community development organization that, most notably, has curated and organized Our Story: Native Art Exhibitions, advocated for Indigenous cultural revitalization, the protection of Indigenous lands and sacred...

Conversation with Victoria Ivanova

Victoria is a curator, writer and strategic consultant, currently R&D Strategic Lead as part of Serpentine’s Arts Technologies team. With a focus on systemic and infrastructural conditions that shape socio-economic, political and institutional realities, Victoria develops innovative approaches to organisational...

These Local Governments Are Using Federal Aid to Cancel Medical Debt

From Oscar Perry Abello / Next City: With funding from city governments, the nonprofit RIP Medical Debt acquires and cancels medical debt by negotiating directly with hospitals. The only requirement is being under 400% of the federal poverty line and...