Daegu City Provides Emergency Livelihood Support Worth 659.9 Billion Won... Supports 640,000 Low-Income Households

Mayor Kwon Young-jin of Daegu Photo by Yonhap News

[Asia Economy Reporter Jeong Dong-hoon] Daegu City announced that it will provide emergency living expenses to 640,000 households, including low-income families, self-employed individuals, and small business owners who have been affected by the novel coronavirus infection (COVID-19).

On the 23rd, Daegu City stated in a regular briefing that it will implement three citizen support measures to assist with COVID-19 damage relief and recovery: ▲Special Support Project for Low-Income Groups ▲Emergency Welfare Special Support Project ▲Emergency Living Expenses Support Project.

The first supplementary budget is 659.9 billion KRW, combining 332.9 billion KRW in national subsidies and 327 billion KRW from Daegu City's own resources. Of this, 292.7 billion KRW is allocated for emergency living expenses, 62 billion KRW for low-income support, 141.3 billion KRW for emergency welfare, and 58.7 billion KRW for survival support for self-employed individuals and small business owners.

Financial support, including secondary interest subsidies on loans, will receive 27 billion KRW; 61.6 billion KRW will be used for regional economic recovery, and 86.6 billion KRW will be spent on infectious disease response such as operating residential treatment centers.

For low-income groups, approximately 102,000 households of basic livelihood security recipients and near-poverty groups will receive around 500,000 KRW per household. Emergency welfare will provide 590,000 KRW monthly for three months to 80,000 households with a median income below 75% who are struggling financially due to COVID-19. Emergency living expenses will be provided to 450,000 households (1.08 million people) with a median income below 100%, with support ranging from 500,000 to 900,000 KRW depending on household size.

Support funds up to 500,000 KRW will be given via prepaid cards, and amounts exceeding that will be paid in Onnuri gift certificates.

Daegu City plans to accept applications for emergency living support until April 6 and begin payments from the 16th, after the general election concludes.

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