
Professional organization linking jobs, housing, and welfare… Review of creating a youth fund of 3 to 10 billion won
Incheon City is promoting the establishment of a ‘Youth Foundation’, a specialized organization that connects youth policies in the fields of jobs, housing, and welfare, and the creation of a youth fund worth 3 to 10 billion won.
AI-generated summary
On the 30th, Incheon City held a final report on the feasibility study of establishing a youth foundation and creating a youth fund at City Hall.
(Incheon = Yonhap News) Reporter Shin Min-jae = Incheon City is promoting the establishment of the tentatively named 'Youth Foundation', a specialized organization that organically connects youth policies in various fields such as jobs, housing, and welfare.
On the 30th, Incheon City held a final report meeting on the 'Feasibility Study on Establishment of a Youth Foundation and Youth Fund Creation' at City Hall and discussed the direction of implementation.
At the briefing session on this day, youth employment support, youth policy research and research, and youth policy connection and coordination were presented as the core functions of the Youth Foundation, which will be established as a city-affiliated organization.
In particular, a plan was proposed to create a 'Youth Fund' worth 3 to 10 billion won to support youth asset formation, life and housing stability, employment and entrepreneurship, and competency development.
In this study, it was expected that it would take a total of 33 to 48 months to complete the procedures required for the final establishment of the Youth Foundation, including legal feasibility review, consultation with the Ministry of the Interior and Safety, collection of opinions, and enactment of city ordinances.
It was analyzed that the youth fund could be promoted first by creating a city ordinance separately from the establishment of the foundation.
Based on the research results, the city plans to review the feasibility of establishing a foundation and raising funds, and ways to share roles with the existing youth policy delivery system.
Nam Young-hee, Vice Mayor for Balanced Development of Incheon City, said, "As the youth policy environment is changing rapidly, we will carefully review research results and voices from the field to complete an effective support system that Incheon's youth can feel."
AI outlook — possibilities, not facts
Priority promotion of city ordinance to create youth fund
Likely · Within months

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