The government has announced 87 special measures for the younger population, including attractive mortgage loans and a year of monthly rent support for those at a certain income level who do not own a home.  

Minister Koo Yun-cheol of the Office for Government Policy Coordination on Thursday said the latest measures were drafted to assist young Koreans in keeping their dreams and hopes as they are the country's future. 

Among the measures are home mortgage loans with a fixed interest rate and a maturity of up to 40 years, which will be introduced for newlyweds and young adults trying to buy a home. 

Rent assistance for youths of up to 200-thousand won a month is expected to benefit some 152-thousand people. 

New incentives will also aim to encourage job creation. Under the plan, small and medium-sized firms hiring younger people will receive subsidies of several million won per year.

Also present are financial products that offer tax deductions to help young people save money and grow their assets.