[Ki Ha-young's Life Card] Receive Idolbom Coupons and Gyeonggi-do Disaster Basic Income on Your Card

Idolbom Coupon 400,000 KRW,
Gyeonggi-do Disaster Basic Income 100,000 KRW, etc.
Payable by Credit Card

[Asia Economy Reporter Ki Ha-young]Is there anyone these days without at least one credit card? In modern society, anyone can have a card if they want. Credit cards have brought unparalleled convenience to daily life. Now, wherever you go, you can easily see people paying with credit cards or smartphones. As demand has increased, cards with various benefits are being released almost daily. Accordingly, Asia Economy delivers various stories related to cards, which are inseparable from our consumer life, through the weekly 'Cards in Daily Life' corner, from introducing new cards to industry behind-the-scenes and guides for card beginners.

[Image source=Yonhap News]

To prevent economic activities from shrinking due to the novel coronavirus infection (COVID-19), the government is implementing various policies. In particular, attention is focused on various support funds, and as cards are mentioned as a payment method for these funds, card companies are busy handling related inquiries.

Since the 13th, the Child Care Coupon has been distributed. The Child Care Coupon is a program that provides electronic gift certificates or care points worth 400,000 KRW to children under 7 years old who receive child allowances.

Especially, those who already have the existing 'Ai Haengbok Card' or 'Gukmin Haengbok Card' can receive care points without a separate application. The Ai Haengbok Card supports childcare fees, and the Gukmin Haengbok Card supports pregnancy and childbirth medical expenses. If you do not have these two cards, you can apply on the Ministry of Health and Welfare portal site, Bokjiro, or at a community center, and receive a prepaid card.

The usage method is simple. After receiving a text message that care points have been credited, you can use them immediately. They can be used in the metropolitan local government (city, province) where you reside, and when used in eligible regions and industries, care points are deducted first, and the remaining points are notified via text message. The usage period is until the end of this year, but extension will be decided based on execution performance and economic conditions. However, to revitalize the local economy, they cannot be used at large supermarkets, department stores, online shopping malls, entertainment establishments, etc.

Gyeonggi-do is also providing 100,000 KRW per person as disaster basic income to all residents to overcome COVID-19. Gyeonggi-do disaster basic income can be received not only as local currency and prepaid cards but also via credit cards. The available credit cards include a total of 13 types such as Shinhan, Samsung, KB Kookmin, Hyundai, Lotte, Woori, and Hana cards. Online applications for Gyeonggi local currency and credit cards are available until the 30th, and in-person applications are possible from the 20th to July 31st, with payment made in the form of prepaid cards.

The Gyeonggi-do disaster basic income must be used within three months after receiving the usage start text message and can be used at Gyeonggi local currency affiliated stores with annual sales under 1 billion KRW in the registered address area. Like the Child Care Coupon, it cannot be used at department stores, large supermarkets, entertainment establishments, etc. Detailed usage locations can be checked on the Gyeonggi local currency website.

Government-level emergency disaster relief fund payments are also becoming visible. Currently, the government has prepared an additional supplementary budget of about 7.6 trillion KRW to provide up to 1 million KRW (based on a family of four or more) to the bottom 70% income group. If credit cards are included as a payment method for the disaster relief fund, payment and usage are expected to be smooth.

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