Gwangju City Extends Application Deadline for 'Emergency Living Support Fund for Vulnerable Households' to the 20th
[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Gwangju Metropolitan City announced on the 10th that it will extend the application deadline for the government’s second emergency disaster relief fund, ‘Emergency Livelihood Support for Crisis Households,’ which is part of efforts to overcome the COVID-19 crisis, until the 20th.
This extension was promoted to support low-income crisis households that did not receive benefits from COVID-19 damage support projects.
The ‘Emergency Livelihood Support for Crisis Households’ targets those with a decrease in income due to COVID-19, having a household income at or below 75% of the median income and assets of 600 million KRW or less.
The emergency livelihood support fund will be paid once in cash between November and December after determining the recipients through an investigation of the applicant’s income and assets: 400,000 KRW for a single-person household, 600,000 KRW for a two-person household, 800,000 KRW for a three-person household, and 1,000,000 KRW for households of four or more.
However, households receiving basic livelihood benefits, emergency welfare support, or benefits from existing welfare systems or COVID-19 damage support projects such as the Small Business New Hope Fund are excluded from eligibility.
Additionally, priority payment will be made to those whose income has decreased by 25% or more, and among other income reducers, payments will be made in order of priority within the budget based on the rate of decrease.
As of the 9th, about 8,000 households, accounting for 50% of the approximately 16,000 eligible households in the jurisdiction, have completed their applications.
Hot Picks Today
"You Might Regret Not Buying Now"... Overseas Retail Investors Stirred by News of Record-Breaking Monster Stocks' IPOs
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Mistaken for the Flu, Left Untreated... Death Toll Surges as WHO Declares Emergency (Comprehensive)
- "Russia Launches Large-Scale Nuclear Drills During Putin's Visit to China"
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Park Hyang, Director of the Welfare and Health Bureau of the city, said, “We hope the emergency livelihood support fund will provide some help to families struggling due to COVID-19.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.