'Incheon-type Basic Livelihood Security System' to be implemented from October... 730,000 KRW for a family of four

Support for Non-beneficiary Vulnerable Groups... Funeral and Burial Benefits Also Provided

[Asia Economy Reporter Park Hyesook] Incheon City will fully implement the 'Incheon-type Basic Livelihood Security System' starting this October to support vulnerable groups outside the scope of the National Basic Livelihood Security System.

The support targets must meet all of the following criteria: ▲ below 40% of the median income ▲ assets below 135 million KRW (financial assets below 30 million KRW) ▲ income of the obligor below 100 million KRW per year. Selected beneficiaries will receive livelihood benefits, childbirth benefits, and funeral benefits.

The livelihood benefits are 274,175 KRW for a single-person household, 463,212 KRW for a two-person household, 597,593 KRW for a three-person household, and 731,444 KRW for a four-person household, which corresponds to 50% of the government-type National Basic Livelihood Security livelihood benefits.

Additionally, 700,000 KRW is paid for childbirth benefits, and 800,000 KRW is paid for funeral benefits in case of death.

The city established the Incheon-type Basic Livelihood Security System to actively support vulnerable groups in welfare blind spots, as the proportion of National Basic Livelihood Security recipients has been increasing annually and unemployment has risen due to the prolonged COVID-19 pandemic.

As of the end of last month, the national average proportion of National Basic Livelihood Security recipients was 4.5%, while Incheon City showed a 5.3% rate, ranking fourth among the eight metropolitan cities and special cities.

The proportion of National Basic Livelihood Security recipients in Incheon City has been increasing annually: 4.1% in 2019, 4.8% last year, and 5.3% this year.

Detailed information about the Incheon-type Basic Livelihood Security System will be available at Eup, Myeon, and Dong administrative welfare centers starting from the 23rd.

An Incheon City official stated, "We will actively discover and support vulnerable groups in welfare blind spots who have not been protected by the system so far, making the social welfare safety net more robust."

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