Gyeonggi-do Provides Up to 300,000 KRW in Real Estate Brokerage Fees for Basic Livelihood Security Recipients

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will support real estate brokerage fees for recipients of the National Basic Livelihood Security starting this year.

The support targets recipients of the National Basic Livelihood Security, providing up to 300,000 KRW for real estate brokerage fees paid when purchasing or renting houses priced at 100 million KRW or less.

Applications can be submitted to the real estate department of the city or county office upon moving in, with the following documents: consent form for collection, use, and provision of personal information to third parties, certificate of National Basic Livelihood Security recipient, resident registration copy, copy of sales (lease) contract, copy of brokerage fee receipt, and a copy of the bankbook.

The province collects application documents monthly, reviews the eligibility of applicants, and transfers the support funds via bank transfer to the applicants at the beginning of the following month.

Kim Joon-tae, Director of the Urban Housing Office of the province, stated, "Through the 'Gyeonggi Province Real Estate Brokerage Fee Support Project,' which is being implemented for the first time by Gyeonggi Province, we will focus on promoting the project so that many recipients of the National Basic Livelihood Security in the province can benefit. We will strive to reduce the burden of real estate brokerage fees for recipients who move frequently and contribute to housing stability."

Before launching the project, the province completed consultations with the Ministry of Health and Welfare regarding the project's feasibility, its relationship with existing systems, impact on the social security delivery system, and finances, among other aspects, to establish the 'new social security system.'

This content was produced with the assistance of AI translation services.