[Asia Economy Reporters Oh Ju-yeon and Jeon Jin-young] The Democratic Party of Korea announced on the 14th that the target for the 5th disaster relief fund will be based on the existing criterion of the bottom 88% income bracket, but appeals from those on the borderline will be actively accepted, leading to an upward adjustment beyond this standard. The party expects the number of appeals to be around 300,000 to 400,000 people.


On the same day, floor spokesperson Shin Hyun-young said in a press briefing after the floor countermeasure meeting, "We expect the target to increase in an upward direction beyond the previously agreed bottom 88% income bracket."


Spokesperson Shin added, "Since the government has stated that it will actively accept appeals from those whose borderline status is unclear, this explains the expansion of support for those on the borderline."


However, she made it clear that the criterion of the bottom 88% income bracket remains unchanged. She said, "There are talks about the criterion being raised, but that is not the case. We are talking about the possibility of an upward adjustment by actively accepting appeals."


She further explained, "Based on previous experience with appeals, we expect about 300,000 to 400,000 people. If that happens, it can be understood as providing support to 90% of the population."



Regarding the timing of additional support payments after the appeals, she said, "There have been no concrete discussions yet. Since it will take time to receive and review the applications, the government will accept them with an open mind."


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

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing