Jungsubon "835 Billion KRW Compensation Paid for October Losses to COVID-19 Treatment Institutions"
[Asia Economy Reporter Kim Heung-soon] The Central Accident Response Headquarters (CARH) of the Ministry of Health and Welfare announced on the 30th that it has paid 83.5 billion KRW in loss compensation for October to medical institutions treating patients with the novel coronavirus infection (COVID-19) and to institutions that were closed or suspended from operations.
The payment of loss compensation is made monthly based on the deliberation and resolution of the Loss Compensation Deliberation Committee, which handles loss compensation matters according to Article 70 of the Infectious Disease Control and Prevention Act. The total amount paid so far to medical institutions treating COVID-19 patients and to closed or suspended institutions is 671.4 billion KRW.
First, to support the operation of dedicated infectious disease hospitals and other treatment medical institutions, a provisional payment for estimated losses (partial payment of losses estimated before final confirmation) has been made monthly since April. The 7th provisional payment this time was made to 154 medical institutions, totaling 81 billion KRW.
Additionally, since August, loss compensation has been paid monthly to medical institutions, pharmacies, and general businesses that were closed, suspended, or disinfected during the COVID-19 response process.
The 3rd loss compensation payment this time was made to a total of 1,281 places: 152 medical institutions, 102 pharmacies, 1,020 general businesses, and 7 social welfare facilities, totaling 2.5 billion KRW. Among these, 587 general businesses received 100,000 KRW each through a simplified procedure favorable to the applicants.
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With this loss compensation payment, approximately 96% of the 700 billion KRW budget secured for COVID-19 loss compensation, amounting to 671.4 billion KRW, has been disbursed. The CARH stated, "We have secured an additional 201.4 billion KRW in funds for loss compensation in consultation with the financial authorities," and added, "We plan to continue compensating losses caused by the COVID-19 response without any setbacks."
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