50,000 KRW Payment to Households with Income Reduction from Work or Business among 75% Median Income Households

Temporary Livelihood Support Poster [Image Source=Geochang-gun]

Temporary Livelihood Support Poster [Image Source=Geochang-gun]

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[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Geochang-gun, Gyeongnam Province, announced on the 4th that it will promote a ‘temporary livelihood support’ project for vulnerable households that have not received damage support, despite experiencing crises such as income reduction due to the impact of the novel coronavirus infection (COVID-19).


The support target is households whose current income has decreased compared to 2019?2020, with a median income of 75% or less as of March 1 and assets of 300 million KRW or less.


However, households that have received basic livelihood security living expenses, emergency welfare living support, or other COVID-19 damage support (such as the Buttimgok Plus Fund) this year are excluded.


The payment amount is 500,000 KRW per household regardless of the number of household members, and those eligible for the management support voucher (300,000 KRW) for small-scale farms in agriculture, fisheries, and forestry can receive the difference of 200,000 KRW.


Applications can be made both online and by visiting in person. Applications can be submitted at the administrative welfare center in the applicant’s town or township from the 17th of this month to June 4. Unlike online applications, household heads, household members, and representatives can apply in person.



Gu In-mo, the mayor of Geochang-gun, stated, “Through sufficient publicity and project guidance, we will carefully promote the temporary livelihood support project to ensure that low-income residents suffering from COVID-19 damages do not miss out on support.”


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

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