"Youth Can Pay Just 1,000 Won for Brokerage Fees"... Seogu, Gwangju Expands 'Companion for 1,000 Won' Program

Investing 39 Million Won from the Hometown Love Fund
Up to 300,000 Won in Support for Homeless Youth

Seogu, Gwangju Metropolitan Special City, is expanding its signature welfare brand, ‘Companion for 1,000 Won,’ to the field of youth housing.

On August 11, the local government announced that it will launch the ‘Youth 1,000 Won Brokerage Fee Support Program,’ investing more than 39 million won from the Hometown Love Fund to assist young people without homes with their real estate brokerage fees. This initiative is designed to ease the initial housing costs for youths moving for employment, independence, or studies, supporting them to settle stably in the community.

Seogu supports youths with '1000-won brokerage fee' through the Hometown Love Fund.

The program targets homeless youths between the ages of 19 and 39. Those who lease housing located in Seogu with a transaction amount of 100 million won or less after July 1 of this year, and complete their resident registration, are eligible to receive up to 300,000 won in real estate brokerage fee support. In particular, if a young person pays only 1,000 won of the brokerage fee, Seogu will cover the remaining amount.

To apply, eligible participants must first pay the brokerage fee to a licensed real estate agent, then prepare relevant documentation such as the lease agreement and proof of payment, and submit these either by visiting the local administrative welfare center or via email.

Seogu expects that this project will alleviate the housing cost burden for youths who feel pressure due to upfront moving expenses, and will also help them settle in the region.

Lee Ikang, Mayor of Seogu, said, “By providing support for the 1,000 won brokerage fee, we will reduce the moving burden on young people and help them settle securely in Seogu. We will continue to use the Hometown Love Fund where it is needed in the community, and develop policies tailored to the needs of each generation to bring about changes our residents can truly feel.”

Meanwhile, Seogu continues to expand its practical policies to reduce residents’ financial burdens and address gaps in welfare, by promoting various ‘Companion for 1,000 Won’ initiatives such as 1,000 won noodles, 1,000 won taxi, 1,000 won laundry, 1,000 won housekeeping and storage, and 1,000 won advertising programs.

This content was produced with the assistance of AI translation services.