The Export-Import Bank of Korea announced on October 13 that it has signed a memorandum of understanding (MOU) with the Central Social Service Center and Green Umbrella to support the independence of at-risk youth, including those caring for family members and those experiencing social isolation.
Under this agreement, the Export-Import Bank will provide a total of 500 million won. The funds will be used for caregiving expenses, medical costs, and the operation of tailored educational programs for youth caring for family members and those who are isolated.
Family caregivers are defined as youth aged 13 to 34 who are responsible for the care of family members with disabilities or illnesses while also managing their own livelihoods.
This MOU marks the first agreement since the opening of the Central Youth Future Center in July, which aims to support at-risk youth. The Export-Import Bank will provide funding, while the Central Social Service Center and Green Umbrella will identify and support beneficiaries nationwide.
The three organizations plan to establish a collaborative system to identify at-risk youth facing family caregiving, social isolation, and economic difficulties early on and assist them in achieving stable social integration.
Hwang Gi-yeon, president of the Export-Import Bank, stated, "For sustainable growth in our society, it is crucial for youth to plan their futures and achieve independence. We will strengthen practical support to help at-risk youth establish a foundation for economic independence."
* This article has been translated by AI.
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