National Support Fund of 7.2155 Trillion Won Distributed Over 6 Days... 67% of Eligible Recipients Have Received It

[Image source=Yonhap News]

[Asia Economy Reporter Song Seung-yoon] It has been revealed that 67% of the eligible recipients have received the COVID-19 coexistence national support fund within six days of its disbursement.

According to the Ministry of the Interior and Safety on the 12th, 1,956,000 people completed their online applications for the national support fund on the sixth day, disbursing 488.9 billion KRW.

From the 6th to the 11th, the cumulative number of applicants over six days reached 28,862,000, with a total disbursement amount of 7.2155 trillion KRW. The Ministry’s provisional count of eligible recipients is 43.26 million, meaning 66.7% of all eligible recipients have received the fund, which corresponds to 55.8% of the entire population.

By payment method, 25.817 million people (89.4%) used credit or debit cards, while 3.045 million people (10.6%) used local love gift certificates.

By region, Gyeonggi had the highest number of applicants at 7.923 million (disbursement amount 1.98084 trillion KRW), followed by Seoul with 5.121 million (1.28033 trillion KRW), Incheon with 1.947 million (486.78 billion KRW), and Busan with 1.887 million (471.79 billion KRW).

The national support fund provides 250,000 KRW per person to the bottom 88% income bracket. Offline applications will begin on the 13th, and during the first week of offline applications, a day-of-the-week system based on the last digit of the birth year will be applied.

To receive the national support fund via credit or debit card, applicants can visit the bank linked to their card. For prepaid cards and paper-type local love gift certificates, applicants can visit the resident center of their local eup, myeon, or dong jurisdiction to apply.

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