Next Year's 3rd Disaster Relief Fund '4 Trillion Won + α'... Some Hospitals Likely to Be Included

Final Plan for 3rd Disaster Relief Fund to Be Announced Early Next Week
Support for Small Businesses, Hospitals, and More... Comprehensive COVID-19 Measures Prepared

Kim Tae-nyeon, floor leader of the Democratic Party of Korea, is attending the policy coordination meeting held at the National Assembly on the 10th, looking at the speech materials of Policy Committee Chair Han Jeong-ae during the meeting. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Jang Sehee] Hospitals that cooperated in securing beds as part of the response to the novel coronavirus infection (COVID-19) are also expected to receive the 3rd disaster relief fund. This is interpreted as a sign of support for hospitals that have faced difficulties due to cooperation in COVID-19 quarantine efforts.

According to the Democratic Party on the 26th, the government is expected to include some hospitals in the 3rd disaster relief fund recipients.

Lee Nak-yeon, leader of the Democratic Party, also stated on the 24th that regarding hospitals that cooperated in securing COVID-19 beds, "Even if the amount of the emergency disaster damage support fund to be executed early in the year is insufficient, I understand that support for hospital management is included."

The 3rd disaster relief fund plan is scheduled to be finalized and announced early next week after a high-level meeting between the ruling party, government, and Blue House on the 27th. The ruling party and government plan to include rent support in the 3rd emergency disaster relief fund but are considering a method that does not allocate a separate budget specifically for rent. This could result in an increase in the total amount of support funds.

The disaster relief fund budget is planned to be increased to the 4 trillion won level by adding contingency funds to the previously secured 3 trillion won. As the total amount of disaster relief funds increases, additional eligible recipients are also under discussion.

Meanwhile, policy fund support targets for benevolent landlords will be expanded, and interest rate reductions on existing financial loans will also be pursued.

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