Korea Eximbank to Support Independence of Youth in Crisis

Korea Eximbank will provide KRW 500 million to help young adult caregivers and isolated and reclusive youth achieve independence. The funding will cover caregiving expenses, including nursing and medical costs, and provide tailored education programs to complement government support.

From left, Yeo Seungsu, secretary-general of Green Umbrella; Hwang Giyeon, president of the Export-Import Bank of Korea; and Kang Hyegyu, president of the Central Social Service Institute, pose for a commemorative photo after signing an agreement on supporting the self-reliance of young people in crisis, including young caregivers and socially isolated and reclusive youth, at the Export-Import Bank of Korea's headquarters in Yeouido, Seoul, on the 12th. Photo provided by the Export-Import Bank of Korea.

Korea Eximbank said on October 13 that it had signed a memorandum of understanding (MOU) with the Central Social Service Agency and ChildFund Korea at its headquarters in Yeouido, Seoul, on October 12 to support the independence of young people in crisis, including young adult caregivers and isolated and reclusive youth. The three organizations agreed to work together to identify and support eligible young people nationwide. They will also establish a support system that connects their respective areas of expertise to help young people facing difficulties related to family caregiving, social isolation, and financial problems settle into society and build stable lives.

Hwang Kiyeon, president of Korea Eximbank, said, “For our society to achieve sustainable growth, it is important for young people to be able to plan for the future with confidence and become independent. Korea Eximbank will strengthen its practical support.”

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