500 million won to help young family caregivers and socially isolated youth become self-reliant...support for caregiving costs and psychological counseling

[Financial News] A support program is being launched to ease caregiving and medical costs for young people caring for family members and help socially isolated and reclusive youth return to daily life. ChildFund Korea and the Export-Import Bank of Korea, among others, will provide a total of 500 million won in self-reliance support for at-risk youth aged 19–34 nationwide.
On the 13th, according to ChildFund Korea, a child welfare organization, the two organizations signed a tripartite business agreement with the Central Social Service Institute on the 12th at the Export-Import Bank of Korea headquarters in Yeongdeungpo-gu, Seoul.
The project is funded by a 500 million won donation from the Export-Import Bank of Korea. ChildFund Korea will handle project planning, case management, program operations and performance analysis, while the Central Social Service Institute will identify participants through its network across the country’s 17 cities and provinces.
Young people caring for family members will receive a “Care Burden Relief Allowance” to help ease the burden of caregiving and medical costs. Programs to build self-reliance skills, including financial education, will also be offered.
The government provides self-care allowances for young people caring for family members and connects them with scholarships, employment support and other assistance. This project focuses on filling gaps in existing public support by helping ease families’ caregiving and medical costs.
Socially isolated and reclusive youth will be offered programs to rebuild social connections, self-help groups and one-on-one psychological counseling. The aim is to help them reconnect with others and return to daily life.
Hwang Young-gi, chairman of ChildFund Korea, said, "I hope this agreement will provide practical help to young people facing difficulties because of caregiving burdens and social isolation as they work to resume their daily lives."

[email protected] Jang In-seo Reporter