Corporate Taxi Drivers with Decreased Sales to Receive Another 500,000 Won... 40 Billion Won Budget Allocated

Ministry of Employment Partners with 17 Local Governments to Provide 'Income Stability Fund' Support
Must Have Worked Since October Last Year...80,000 Expected
"Support Funds to Be Distributed as Quickly as Possible...Timing to Be Announced Later"

Taxi Waiting for Passengers
(Daegu=Yonhap News) Reporter Lim Chae-du = On the afternoon of the 18th, a taxi is waiting for passengers near the entrance of Dongseong-ro, Jung-gu, Daegu. 2020.3.18
doo@yna.co.kr
(End)

[Asia Economy Reporter Kim Bo-kyung] A program that provides an additional 500,000 KRW per person to corporate taxi drivers whose sales have decreased due to the novel coronavirus infection (COVID-19) will start today (the 8th).

The Ministry of Employment and Labor announced that from today, it will begin the '2nd Emergency Employment Stability Support for General Taxi Drivers' project in cooperation with 17 metropolitan local governments. This project provides income stabilization funds of 500,000 KRW per person to approximately 80,000 corporate taxi drivers whose sales have decreased due to COVID-19.

A total budget of 40 billion KRW will be invested as part of the support measures responding to the damage caused by the third wave of COVID-19. This is the second round of support following the '1st Emergency Employment Stability Support for General Taxi Drivers' conducted in October last year.

The support targets corporate taxi drivers who joined on or before October 1 of last year (including October 1) and have continuously worked until January 8 of this year. They must belong to a corporation whose sales decreased during the COVID-19 spread period or have experienced a decrease in their own income.

An official from the Ministry of Employment and Labor stated, "If a decrease in sales or income was confirmed during the first round of support, we plan to quickly provide the funds by only reviewing whether the driver is still employed."

Applications are submitted by the drivers directly to their affiliated taxi corporation, which then collects and submits them to the local government. In cases where the corporation's sales did not decrease but the driver's personal income did, the driver can submit the application directly to the local government.

To receive this second round of support, even those who received funds during the first round must complete and submit a new application form. Detailed instructions on how to submit the application and the deadline will be announced today through the websites of each metropolitan local government.

The Ministry of Employment and Labor plans to simplify administrative procedures to expedite the payment of support funds as much as possible. However, the payment schedule will be notified later as it varies depending on the number of recipients and administrative circumstances in each local government.

Minister of Employment and Labor Lee Jae-gap said, "Support for vulnerable groups whose income has decreased due to the prolonged COVID-19 situation is urgent. Especially since corporate taxi drivers continue to face difficulties due to a decrease in passengers, we hope this second round of support will help overcome the damage."

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