710 billion won in support for young researchers in science and engineering… 1.1 million won per month in doctoral research expenses

by times news cr

[2025년 예산안]

Q&A on Support for Youth, Seniors, and Vulnerable Groups
Expansion of National Scholarship for College Students… Monthly 200,000 Won ‘Room Fee’ for Low-Income College Students
Establishment of a 350,000 Won Annual Senior Citizen Education Voucher… 300,000 Won Annual Delivery Fee for Small Business Owners

Starting next year, college students from households with a monthly income of over 17 million won will also be eligible for national scholarships. Low-income college students will also receive a monthly ‘rental allowance’ of 200,000 won. About 680,000 small business owners will receive up to 300,000 won per year in delivery and courier fees. The contents of the budget plan for next year, including support for youth, the elderly, and vulnerable groups, are summarized in Q&A format.

710 billion won in support for young researchers in science and engineering… 1.1 million won per month in doctoral research expenses

-The new recipients of the national scholarship are….

“Starting next year, the criteria for receiving national scholarships for college students will be expanded from 200% to 300% of the median income. For a family of four, the amount will increase from 11.46 million won to 17.19 million won per month. Students newly included in the support target will basically receive 1 million won per year. Elementary school students in grades 5 and 6 who are on basic livelihood security, near-poor class, or from single-parent families will be able to receive a ‘Dream Ladder Scholarship’ of 150,000 won per month until they graduate. Originally, support was provided to middle school students, but the target will be expanded starting next year.”

-What are the conditions for receiving the newly established Housing Stability Scholarship?

“First, you must be a basic livelihood security beneficiary or a near-low-income college student who needs to enroll in a ‘distant university’ to find a house. In this case, the criteria for a distant university are a university in a different city or province from your original residence, or a university that takes more than 2 hours to commute one way in the same region. If you meet the requirements, you will receive a housing stability scholarship of 200,000 won every month until graduation. However, you can only receive it during the semester, including the summer semester, so support is cut off during vacations. Current students who are already attending a distant university can also receive it. 34.4 billion won will be spent to support 42,000 people. A total of 9.5 trillion won will be invested in national scholarships and housing stability scholarships.”

―They say support for master’s and doctoral degrees in science and engineering is increasing… .

“A new research living incentive called the ‘Korean Stipend’ has been created. It guarantees a minimum ‘research fund’ to full-time science and engineering researchers participating in research and development (R&D). It is 800,000 won per month for masters and 1.1 million won per month for doctorates. If the combined amount of other scholarships or the money given monthly by the school exceeds this amount, you cannot receive support. However, you can receive it in addition to the Presidential Science Scholarship. Researchers who are not participating in R&D can apply for the science and engineering master’s scholarship. It provides 400,000 won per month for up to two years to low-income science and engineering master’s students. The total budget for supporting young researchers is 710 billion won.”

-What are the new youth job and housing policies?

“Job seekers and new employees in 10 industries where youth employment is not active can receive up to 9,604,000 won in support through the ‘3-package to fill vacant jobs.’ This is because the National Employment Support System training allowance and employment success allowance are added, and a new ‘leap incentive’ of 4.8 million won is provided based on length of service. The 10 industries include shipbuilding and root industries. If you are selected for the youth housing subscription, there is also a new Youth Housing Dream Loan that lends up to 80% of the selling price at an annual interest rate of 2.2%.”

-How do I get a lifelong education voucher for seniors?

“If you are a senior citizen aged 65 or older who is a basic livelihood security recipient or a near-poor class, you can apply by visiting your community center or accessing the National Institute for Lifelong Education website. The lifelong education voucher is a voucher that allows you to take training programs such as barista and sommelier. The first 8,000 people can receive up to 350,000 won per year. Previously, it was provided regardless of age, but a new program exclusively for the elderly will be created starting next year. The number of jobs for the elderly will increase from 1.03 million this year to 1.1 million next year, the largest increase ever.”

-What will change in support for low-income families?

“The basic livelihood security benefit received when household income is 32% or less of the median income will increase. For a family of four, it will be 1,952,000 won per month, an increase of 118,000 won from this year. Households with pregnant women, infants, and elementary, middle, and high school students with an income below 32% of the median income will also receive an agricultural and food voucher worth 100,000 won per month (based on a family of four). Low-income children, the elderly, and pregnant women with atopic dermatitis, etc. will receive an electronic voucher (environmental health voucher) worth 100,000 won per year to be used for treatment or nature experiences, and households receiving basic livelihood benefits with children aged 3 years or younger will receive support for soundproofing mats up to 500,000 won.”

―The criteria for self-employed persons who can receive support for delivery and courier fees are….

“Any small business owner with annual sales of less than 140 million won can receive support. The business must be one that delivers products to customers using delivery or courier services.”

Sejong = Reporter Song Hye-mi [email protected]

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2024-08-28 07:40:32

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