Table of Contents
- Income Criteria Increase! Additional 500 Participants for the 'Lifelong Together Youth Project' for Youth and Newlyweds
- Income Criteria Relaxed to '100%' for Youth and Newlyweds
- Support Details and Benefits of the Busan Youth Project
- Application Method and Schedule for the Busan Youth Project
- Summary of the Busan Youth Project Overview
- What are the Detailed Application Methods and Criteria for the Busan Youth Project?
Income Criteria Increase! Additional 500 Participants for the 'Lifelong Together Youth Project' for Youth and Newlyweds
The city of Busan is recruiting additional participants for the housing stability project 'Lifelong Together Youth Housing Support Project' aimed at youth and newlyweds. This recruitment will take place from May 5 to 25, 2025, for 500 households.
This additional recruitment is a continuation of the first round held in March, characterized by a significant relaxation of income criteria and an extension of the support period to a maximum of 'lifetime' based on the number of children.
More detailed information can be found in the post below.
Income Criteria Relaxed to '100%' for Youth and Newlyweds
The most notable change in this additional recruitment is the expansion of the income criteria. Previously, a youth was subject to 60% and newlyweds to 80% of the criteria; now, both groups are relaxed to a threshold of '100% of the previous year's average monthly income per household size in urban areas.'
Thanks to this change, more young people and newlyweds will have the opportunity to receive support.
Main Eligibility Requirements and Target Participants
The target participants can be broadly divided into two categories. The first category is unmarried individuals aged 19 to 39 residing in Busan's public rental housing. The second category includes newlyweds who have been married for 7 years or less and also reside in public rental housing.
The income criteria are based on health insurance premiums. For example, for employees, a one-person household must have income below 128,122 won, a two-person household below 196,183 won, a three-person household below 271,465 won, and finally, a four-person household below 311,026 won. Additionally, for dual-income newlyweds, only half of the lower earning spouse's health insurance premium is considered. Lastly, those currently participating in similar programs such as housing assistance or youth monthly rent support will be excluded from the support.
Support Details and Benefits of the Busan Youth Project
The rent support system provides full support for the amount of rent specified in the most recent lease agreement, excluding a personal contribution of 30,000 won. Payments are made quarterly retroactive to the month of application.
The support period is set at a maximum of 6 years for youth and a maximum of 7 years for newlyweds. If one child is born or adopted, the support period extends to a maximum of 20 years. For families with two or more children, lifetime support becomes available.
Application Method and Schedule for the Busan Youth Project
The application schedule is from May 5 to May 25, 2025.
Applications can be made by searching for 'Busan Metropolitan City Lifelong Together Youth Housing Support' on the Government 24 website.
For inquiries, you can contact the Busan City 120 Call Center.
Additional information can be found in the official announcements of Busan City.
Summary of the Busan Youth Project Overview
| Category | Details |
| Purpose | Support housing stability for the youth and encourage settlement in Busan |
| Target Applicants | Unmarried individual youths or newlyweds married for 7 years or less residing in public housing |
| Income Criteria | 100% or less of the previous year's average monthly income of urban wage earners |
| Scope of the Project | Total of 500 households (250 youth, 250 newlyweds) |
| Support Amount | Full support for monthly rent excluding personal contribution of 30,000 won |
| Support Period | Maximum 6 years for youth, 7 years for newlyweds; up to 20 years for childbirth, and lifetime for two or more children |
| Budget Execution Method | Quarterly deposit into individual accounts (retroactively applied based on application month) |
What are the Detailed Application Methods and Criteria for the Busan Youth Project?
Detailed eligibility requirements, necessary documents, and health insurance premium criteria can be found in a previous post.
▶ View detailed information on application methods and eligibility criteria for the youth project
Youth can receive stable housing for 6 years, newlyweds for 7 years, and lifetime assistance for children. If you live in Busan, it’s best to apply now.
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