Ministry of Industry Establishes Criteria for Pohang Earthquake Support Recipients and Funding Amounts

Legislative Notice of the Amendment to the Enforcement Decree of the Pohang Earthquake Damage Relief Act

[Asia Economy Reporter Moon Chaeseok] The Ministry of Trade, Industry and Energy announced that it will publicly notify the partial amendment ordinance (draft) of the "Special Act on the Investigation of the Truth and Relief of Damage from the Pohang Earthquake" from the 27th to the 13th of next month.

This is to stipulate matters delegated by the law before the implementation of support for relief of damage from the Pohang earthquake scheduled for September.

First, the criteria for support targets and damage scope calculation will be clearly established. Those who suffered death, injury, or property damage will be eligible for support. The criteria for calculating the damage scope by target will be stipulated.

Those who suffered death or injury, and those who suffered property damage due to the Pohang earthquake will be eligible for support.

Standards for determining support funds will also be prepared. Criteria for determining support funds will be set according to the type of damage. Types of existing compensation or support funds that should be excluded when determining support funds will be specified.

The amendment draft also includes matters related to victim recognition criteria, application documents, fact-finding methods, support fund payment, and reconsideration.

To be recognized as a victim, one must meet the "legal victim requirements," such as living, engaging in economic activities, and owning property in Pohang, and be able to prove the damage.

Those who have received support for earthquake damage under other laws and regulations will also be recognized as victims.

Source: Ministry of Trade, Industry and Energy

If the Damage Relief Deliberation Committee recognizes a person as a victim and decides to provide support funds, it is expected that the support funds can be received about two months thereafter.

Once a decision document is prepared, it will be delivered within one month of the support fund payment decision, and the support funds will be provided within one month after delivery.

Furthermore, special support measures for revitalizing the Pohang economy and restoring the community will be implemented. When implementing the plan, consultations with related local governments and opinions from the deliberation committee will be sought.

An official from the Ministry of Trade, Industry and Energy said, "During the public notice period, we will listen to various opinions from Pohang residents and others," adding, "After consultations with related agencies and review by the Ministry of Government Legislation, we plan to ensure the special act is implemented smoothly from September 1."

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