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:

Conversation with Xavina Walbert & Karen Suarez

Karen Suarez is the Vice President of Collective Impact at the Making Hope Happen Foundation, where she supports Uplift San Bernardino through cross-sector collaboration and collective action. Passionate about diversity, equity, and inclusion, she leverages her experience to strengthen organizational...

Conversation with Gus Hagelberg

Gus Hagelberg is a native of California and has lived in Southern Germany for over 30 years with his wife and three children. Gus studied political science in both California and Tübingen, Germany where he earned his Master’s Degree. He...

Conversation with Rodrigo Pacheco

Rodrigo Pacheco is an Ecuadorian chef who attracted the attention of the world through his culinary art and his innovative project “The largest Biodiverse Edible Forest in the world” that he develops as Executive Director of the Bocavaldivia Foundation, to...

Conversation with Anita Chandra

Anita Chandra (she/her) is vice president and director of RAND Social and Economic Well-Being and a senior policy researcher at RAND. The division that she leads covers a range of topics at the intersection of social and economic policy and...

Sweet City’: the Costa Rica suburb that gave citizenship to bees, plants and trees

From Patrick Greenfield / The Guardian: Curridabat, a city in Costa Rica has extended citizenship to the flora and fauna of the city (most notably pollinators) in order to enhance efforts to create more green spaces and healthier local ecosystems....

Conversation with Gopal Patel

Gopal Patel is the co-founder and director of Bhumi Global, a non-profit mobilizing Hindu communities worldwide for environmental action. Over the last decade, he has advised global interfaith and environmental initiatives, working to include faith voices in local and international...