The Democratic Party announced its youth policies on May 17, coinciding with the Day of Maturity, which include strengthening pension guarantees and expanding housing supply near workplaces. The party pledged to enhance the National Pension system to ensure a secure retirement for young people and improve various housing environments, including safe housing for single-person households and women.
During the announcement at the National Assembly, Han Jeong-ae, chair of the party's policy committee, stated, "On this Day of Maturity, we are unveiling the Democratic Party's youth pledges for the June 3 local elections. Our goals are to support asset formation, ensure housing stability, reduce living costs, expand leisure activities, and strengthen safety nets for young people."
Han elaborated, "To support asset formation, we have prepared three initiatives: enhancing pension guarantees for youth, expanding entrepreneurial opportunities for those looking to start businesses in new industries, and strengthening support for asset formation. For housing stability, we will increase the supply of housing near workplaces that young people want to live in and alleviate the burden of housing costs, including rent, by expanding and supporting shared housing that meets their needs."
She also mentioned plans to ease job-seeking costs tailored to local youth, reduce transportation expenses using the 'Everyone's Card,' and expand the availability of affordable breakfast options for college students and young people at 1,000 won.
Additionally, Han highlighted key pledges, including strengthening support for youth transitioning from protective facilities to independent living, reforming laws to prevent rental fraud and enhance penalties for offenders, and improving debt adjustment support systems.
"Regarding the National Pension, we will support the first insurance premium when individuals turn 18 and include military service periods to ensure robust retirement security for youth," she emphasized. "We will also expand housing supply through various means, including tailored housing for single-person households and safe housing for women."
Furthermore, she stated, "We will mandate public institutions to provide interview allowances and cover physical examination costs. The cultural voucher system will be expanded to allow young people to enjoy diverse cultural activities, and we will ensure uniform support from the central government for youth preparing for independence to achieve sustainable self-reliance."
* This article has been translated by AI.
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