South Korea's Child Development Account Branded as 'Hope Seed Passbook' for Nearly 20 Years

South Korea's 'Child Development Support Account' program, launched in 2007, is officially known as the 'Hope Seed Passbook.' It is an asset-building plan designed to help disadvantaged children accumulate initial capital for their future. When guardians or sponsors deposit a certain amount, the government provides a 1-to-2 matching subsidy, up to 100,000 KRW per month. The program covers children in care and those from low-income families, providing support until they turn 18. Funds can be used for tuition, vocational training, startup capital, or housing. This year, the National Child Rights Protection Agency refreshed the brand identity and introduced a new mascot, 'Didimi,' to symbolize growth and self-reliance.