'500,000 Won Per Person' Paid to Half of the 4th Employment Stability Support Fund Recipients

Ministry of Employment Starts Payments from the 2nd for Those Without Separate Applications
Payments for 1st, 2nd, and 3rd Recipients Expected to Complete by the 5th

A civil petitioner waiting for consultation at the Employment Welfare Plus Center in Jung-gu, Seoul, on September 24 last year. Photo by Jinhyung Kang aymsdream@

[Sejong=Asia Economy Reporter Moon Chaeseok] The Ministry of Employment and Labor announced on the 2nd that it has provided the 4th emergency employment stabilization subsidy of 500,000 won per person to about 330,000 people, which is half of the total eligible recipients.

From the 30th of last month until this day, a total of 168.9 billion won was paid to 337,818 people, accounting for 51% of all eligible recipients, at 500,000 won each. Those who were enrolled in employment insurance as of the 2nd of last month among the recipients of the 1st, 2nd, and 3rd subsidies, or those employed as public officials, teachers, or soldiers, or those receiving the Small Business Owner Support Fund Plus were excluded from the eligibility.

Payments were first completed for 190,000 applicants who applied online and offline. For those who experienced errors during bank transfers, the account information will be re-verified and the subsidy will be provided later.

From this day, subsidies will be given sequentially to those who did not apply separately within the period. The Ministry of Employment plans to provide subsidies to all remaining eligible recipients, about 320,000 people, by the 5th.

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