"Building a 70 Million Won Fund"... Government to Match Savings for Children's Future

Here is a program where the government helps parents save money for their children.

It is the "Our Child Independence Fund."

Under this system, parents and the government contribute together to a fund in the child's name to help build a starting fund for independence when the child reaches adulthood.

The government provides a certain amount of support depending on the household income level.

If 2 million won is saved annually for 19 years, assuming an annual return of 6%, it is calculated that a lump sum of over 70 million won can be accumulated by the time the child becomes an adult.

Families raising children may want to take a closer look at this program.
※ Please note: This article was translated by AI and may contain errors.