Ministry of the Interior and Safety, Local Governments, and Credit Card Companies Join Hands for Smooth National Support Fund Distribution... Signing of Business Agreement

Receive notifications via Gukminbiseo, check usage locations with private portal maps, and make easy payments with credit cards

The 'COVID-19 Coexistence National Support Fund,' which provides 250,000 won per person to 88% of the entire population, will be distributed starting September 6, before the Chuseok holiday. On the 30th, the government held a joint briefing with related ministries at the Government Seoul Office and announced detailed implementation plans for the support fund, including eligibility criteria, application methods, and payment plans. Eligible recipients can choose to apply for the fund through credit card or debit card recharge, local love gift certificates, or prepaid cards. Citizens are seen shopping at Jungbu Market in Seoul on that day.
Photo by Moon Honam munonam@

[Asia Economy Reporter Lim Cheol-young] Ahead of the disbursement of the COVID-19 Coexistence National Support Fund, the Ministry of the Interior and Safety announced on the 2nd that it signed a business agreement at the International Conference Room of the Government Seoul Office Annex with 243 local governments, 9 credit card companies, and the Korea Simple Payment Promotion Agency. The credit card companies that signed the agreement are Lotte, BC, Samsung, Shinhan, Woori, Hana, Hyundai, KB Kookmin, and NH Nonghyup Card.

This year’s COVID-19 Coexistence National Support Fund is characterized by strengthened public-private cooperation to make it more convenient to apply for and use the support fund, going a step further than last year.

The Ministry of the Interior and Safety oversees the entire project, including establishing the overall business plan, allocating the budget, and supporting the construction of the business management system. Through the ‘National Secretary’ service, customized information related to the support fund is provided via the Naver app, KakaoTalk, and Toss.

The 243 local governments confirm the eligible recipients and payment amounts and handle offline application reception and objection reception tasks. The 9 credit card companies are responsible for receiving applications for the COVID-19 Coexistence National Support Fund via credit or check cards and for disbursing the recharge funds.

The Korea Simple Payment Promotion Agency will build a database (DB) of support fund usage locations and provide it to each credit card company and major portals to help citizens check support fund usage locations on portal maps.

Deputy Minister Ko Gyu-chang said, “I thank the local governments and company officials who have worked together for the disbursement of the COVID-19 Coexistence National Support Fund,” and added, “I ask for active cooperation so that this support fund can comfort the citizens who are struggling due to the prolonged COVID-19 pandemic and contribute to the recovery of the local economy through consumption promotion.”

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