"Most Payments by Chuseok... Supplementary Budget Support for After-School Instructors, Academies, and Out-of-School Youth"

Emergency Employment Stability Support for Special Workers
Special Tax Support for Metropolitan Area Academies
Support for Out-of-School Youth Provided Through Education Support Offices

Members of the After-School Instructors' Labor Union, Seoul Branch of the Korean Confederation of Trade Unions Service Federation, are holding a publicity campaign in front of the Seoul Metropolitan Office of Education on July 29, urging the resumption of after-school operations. Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Hyunju Lee] Employment stability support funds for after-school instructors will be provided, and stabilization funds for small business owners operating academies will also be distributed before Chuseok.

The Ministry of Education announced on the 24th the education sector projects included in the 4th supplementary budget proposal.

Emergency employment stability support payments will be provided for special-type workers or freelancers, such as after-school instructors, who are struggling to maintain their livelihoods due to a sharp decline in income caused by the COVID-19 pandemic. Existing recipients will receive an additional 500,000 KRW, and new applicants can receive 500,000 KRW per month for a total of 1.5 million KRW. Existing recipients will be paid before Chuseok, but new applicants must apply via the website or visit employment centers between the 12th and 23rd of next month. A lump-sum payment is planned for November if possible.

Management stabilization funds will also be provided for small business owners such as academies. Small business owners with annual sales under 400 million KRW who have experienced a decrease in sales will receive 1 million KRW, and those subject to closure orders will receive 2 million KRW. Payments will begin before Chuseok.

Separately, the National Tax Service is promoting special tax support for nationwide large academies and small to medium-sized academies in the metropolitan area that have been subject to closure orders.

To reduce household burdens, 200,000 KRW will be paid in cash per child under elementary school age, and 150,000 KRW per child of middle school age. Existing recipients of child allowances for children under 7 years old will receive payments without a separate application, and elementary school students will be paid before Chuseok through school banking at their individual schools. Middle school students will receive payments as soon as possible after Chuseok following account verification procedures. Out-of-school children can apply in person at the education support office based on their address, and payments are planned for October.

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