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 Yuliya Panfil

Yuliya Panfil is a senior fellow and director of New America Future of Land and Housing program. Prior to joining New America, Panfil worked at Omidyar Network, where she sourced and managed property rights investments, and as a land governance...

Conversation with Jack Henderson

Jack Henderson is a digital democracy researcher with RadicalxChange Foundation, the ERC’s BlockchainGov project, and the Coalition Of Automated Legal Applications. He holds a degree in economics from Princeton University. Jack Henderson spoke with Ashley Hopkinson on February 21, 2024....

The Benefits of Greening Affordable Housing

From Erica Sweeny / Next City: The Denver-based Triple Bottom Line Foundation funds projects to retrofit low-income, multi-family properties that house underserved groups. The projects include energy-efficiency upgrades, solar power installations, and weatherization upgrades among others. Click here to read...

Conversation with Karina Víquez

Karina Viquez is the Program Director of the Certificate in Regenerative Entrepreneurship at the University for International Cooperation (UCI) in Costa Rica. She has over 10 years of experience playing key roles in impact learning, regenerative program design, development project...

Car Free Day: Global health leaders join Kigali residents in ‘Africa Walks against Malaria’

From Frank Ntarindwa / The New Times: ‘Kigali’s “Car Free Day” not only boasts an increase in residents’ activity levels, it also creates a space for more knowledge and service sharing for health conditions including Malaria.’ Screenings for non-communicable diseases...

Brazil’s Bolsa Família welfare program lifted 3 million out of poverty in 2023: Gov’t

From Thiago Alves / Brazil Reports: Bolosa Famila, a social welfare program in Brazil aims to help bring Brazilians out of poverty. Paying R$ 600 ($119 USD) per month enables families to cover basic monthly costs such as food. The...