디딤씨앗통장 Ministry of Health and Welfare, greatly expands Didim Seed Account support target by about 3 times this year < Policy & Issues < News < Text of article - Welfare Times

디딤씨앗통장The Didim Seed Account project helps low-income children, such as children under protection and those receiving basic livelihood assistance growing up in foster homes or child care facilities, minimize the transmission of poverty when they enter society and create assets to help them prepare for the initial cost of entering society. This is a supported project.
If a child receives sponsorship or saves money in his or her own bank account, the government will support up to 100,000 won per month of the accumulated amount. If a child saves 50,000 won a month, the government subsidy of 100,000 won is added, for a total of 150,000 won.
The assets formed in this way can be used to support housing expenses, student loans, technical qualifications and job training expenses, medical expenses, and start-up and marriage expenses when young people after the age of 18 enter society, such as going to college or getting a job.
In particular, starting this year, the age and income standards for children in households receiving basic livelihood security will be greatly expanded. Until last year, only those with an income below 40% of the median income and those between the ages of 12 and 17 could sign up, but starting this year, any child from a household receiving basic welfare with an income below 50% of the median income and between the ages of 0 and 17 can sign up. Accordingly, the number of children who can sign up for the Didim Seed Account increased significantly from 70,000 last year to 203,000 this year.
Those who wish to open a Didim Seed Account can visit the administrative welfare center in their town, village or neighborhood or apply online at Bokjiro (www.bokjiro.com) or Government 24 (www.gov.kr). Those who wish to donate to a Didim Seed Account can do so. You can apply on the Didim Seed Account website (www.adongcda.or.kr).

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