Governor Kim Kyung-su: "Introducing Gyeongnam-type Emergency Disaster Income... Differential Support of 500,000 Won per Household"

Gyeongnam Province Governor Kim Kyung-soo is announcing the introduction of the 'Gyeongnam-type Emergency Disaster Income' at the provincial press center on the 23rd.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Woo-kwon] Kim Kyung-soo, Governor of Gyeongnam Province, announced the 'Three Major Package Policies to Overcome the Economic Crisis' to address difficulties caused by the novel coronavirus infection (COVID-19).

On the 23rd, Governor Kim held a press conference at the provincial press center and stated, "We will introduce the 'Gyeongnam-type Emergency Disaster Income,' which provides up to 500,000 KRW to households with income below 100% of the median income."

The support target includes 483,000 households out of 691,000 households in Gyeongnam with income below 100% of the median income, excluding 208,000 households receiving support from the central government. The support amount will be differentiated as 300,000 KRW for 1-2 person households, 400,000 KRW for 3-4 person households, and 500,000 KRW for households with 5 or more members.

It is expected that the Gyeongnam-type Emergency Disaster Income will require a budget of 132.5 billion KRW if 80% of eligible households apply, and 165.6 billion KRW if 100% of all households apply. The province and city/counties will each provide 50% of the support, and the funding for the emergency disaster income will be prepared separately from this supplementary budget.

Applications for support will be accepted for one month from May 8th at eup/myeon/dong community service centers through direct visits, email, fax, and various other channels. Gyeongnam Province plans to ensure payment within a maximum of 10 days after application.

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