100 Million KRW Paid to 3,000 Long-term Unemployed... 2nd Round of Applications Starts Tomorrow

Korea Workers' Welfare Service 'Low-Income Long-Term Unemployed Living Stability Fund Support Project'
Support Available from July for Job Seekers Aged 35-60 Without Income
Must Be Below 60% Median Income... Eligible Includes Near-Poverty and Single-Parent Protection Recipients

Asia Economy DB=Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Kim Bo-kyung] Support funds of 1 million KRW each will be provided to about 3,000 long-term unemployed individuals struggling due to the novel coronavirus infection (COVID-19) crisis.

The Korea Workers' Compensation and Welfare Service will begin online applications for the second round of the "Low-Income Long-Term Unemployed Living Stabilization Fund Support Project," which provides 1 million KRW per long-term unemployed person, starting from the 3rd.

This project utilizes funds raised from voluntary donations and salary returns from senior and deputy minister-level public officials.

An official from the Service stated, "The second round of applications has significantly relaxed the eligibility criteria and requirements compared to the first round."

The second round targets those who have been long-term unemployed with no income from July until the announcement date, have a household income at or below 60% of the median income, and belong to one of the following categories: basic livelihood security recipients (excluding those receiving livelihood benefits), near-poverty class, single-parent family protection recipients, or participants in Employment Success Package Type 1. Applicants must have a valid job-seeker registration on Worknet with a total of at least 30 days of registration this year and be between 35 and 60 years old.

Support is restricted for those receiving similar livelihood support funds from central government ministries.

The Service will provide living stabilization funds of 1 million KRW each to about 3,000 people. To promote reemployment, it will collaborate with Employment Welfare Plus Centers to offer employment services such as vocational training and job placement.

Applicant screening will be conducted in cooperation with related ministries such as the Ministry of Health and Welfare and the National Tax Service, scoring applicants based on household income and job-seeker registration period to ensure support is given to those in need according to the purpose of the donations.

Applications will be accepted online through the Korea Workers' Compensation and Welfare Service website from November 3 to 20, the announcement period. Detailed information about the support project can be obtained through the Service's welfare project call center.

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