The aim of this program is to encourage youth workers to sustain employment at small and medium-sized enterprises and help them start build up their assets. The youth employee contributes KRW 125,000/month (a total of KRW 3 mil. over the course of two years) while the government contributes KRW 6 mil., and the employer KRW 3 mil. (*80% to 100% of the employer’s contribution is subsidized by the government depending on the size of the company) The mutual aid amounts to KRW 12 mil. after the 2-year fund-raising period.
Workers aged 15 to 34
(However, those who are graduating high school or university, or enrolled in open universities, cyber colleges (distant colleges), credit bank system, evening colleges, and graduate schools are eligible)
Small to medium-sized enterprises with five or more employees as of the youth employee’s hire date.
Find out more about the benefits of the Youth Tomorrow Savings program with Maximus, a provider with the best knowhow in government employment support programs. For more information on the Youth Tomorrow Savings program, please contact our Youth Tomorrow Savings Team.