Up to 1.2 Million Won Annually Until Age 18... Government Pushes to Establish 'Independence Fund'

The next piece of practical news is something families raising children will likely want to pay attention to.

The government is pushing to establish a new fund that will provide up to 1.2 million won annually until children turn 18.

The government and the ruling party have decided to create the "Our Children's Independence Fund" to help children build assets.

The plan involves providing up to 1.2 million won per year until a child reaches the age of 18.

The initiative is designed to help accumulate funds over a long period so that children can secure a substantial lump sum of money when they reach adulthood.

The government plans to include related details in next year's budget proposal to move the initiative forward.

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