Woori Fund Services donates 100 million won to support 32 young people and adolescents with family caregiving responsibilities

[Financial News] Thirty-two young people and adolescents with family caregiving responsibilities who live in Seoul will receive support for financial education, education costs and other needs. Woori Fund Services donated 100 million won to a program it is running with Hope Friends Korea Food for the Hungry.
According to Korea Food for the Hungry on the 12th, the “With Woori Funding Project” will run for six months, from last month through March next year. It will serve 20 young people with family caregiving responsibilities and 12 adolescents.
The program for young people covers financial management, investing and real estate, alongside individual financial counseling. Those who save a set amount each month will receive grants in proportion to the amount they save. Participants can use the money to gain experience investing in funds and managing assets.
Adolescents will receive help with education-related costs, including textbooks and private academy fees. Individual psychological counseling will be offered in partnership with specialized organizations. The program will also offer career exploration activities, including visits to university campuses and meetings with senior university students.
Both young people and adolescents will receive a self-care allowance they can use for their studies, job preparation, health care and back-to-school supplies. Opportunities to attend cultural and arts performances will also be provided.
Woori Fund Services CEO Yoo Do-hyun said, “I hope the responsibility of caring for family members will not limit young people’s and adolescents’ dreams and potential.” Park Chan-wook, head of the ESG Sharing Division at Korea Food for the Hungry, said, “I hope this program will give young people a foundation for managing assets and becoming self-reliant, and give adolescents an opportunity to make concrete plans for their future.”
Meanwhile, under a city ordinance, Seoul defines people aged 9 to 39 who care for family members in need of care because of a disability or illness as family-care adolescents and young adults. Seoul residents who meet these criteria can register information about their family caregiving on the Seoul Welfare Portal to receive guidance on welfare services they need, including livelihood, housing and caregiving support.

[email protected] Jang In-seo Reporter