From the New Year in Ulsan, Newborns Receive 300,000 Won Monthly 'Infant Allowance'
Ulsan City Invests a Total of 13.4 Billion KRW to Alleviate Childcare Burden
[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Starting from the new year, households with infants aged 0 to 1 in Ulsan will receive 300,000 KRW monthly support.
Ulsan City announced on the 31st that it will invest a total budget of 13.4 billion KRW to provide 300,000 KRW per month to families raising infants born in 2022.
The infant allowance is a program implemented to increase the responsibility of the state and society for child-rearing and to reduce the initial childcare burden on families with newborns.
The existing childcare allowance (200,000 KRW for 0-year-olds, 150,000 KRW for 1-year-olds) will be integrated to provide a 300,000 KRW allowance for infants aged 0 to 1.
Support is provided regardless of income for home care. The plan is to gradually increase the allowance up to 500,000 KRW per month by 2025.
However, if full-day childcare services or daycare centers are used, support will be provided in the form of vouchers, and duplicate support is not allowed.
Hot Picks Today
"How Much Will They Get?" 600 Million vs. 460 Million vs. 160 Million... Samsung Electronics DS Division's 'Three Wallets Under One Roof'
- Opening a Bank Account in Korea Is Too Difficult..."Over 150,000 Won in Notarization Fees Just for a Child's Account and Debit Card" [Foreigner K-Finance Status]②
- Yeouido's First Management Approval: Daegyo Apartment Sets Fastest Record at 2 Years 4 Months...Construction to Begin Next Year [Real Estate AtoZ]
- "Disappointing Results: 80% of Sunscreens Found Lacking in Safety and Effectiveness"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
From January 2022, applications can be submitted online through the Bokjiro website and the Government24 portal, or in person at the administrative welfare centers in the applicant’s residential eup, myeon, or dong. Allowance payments will be retroactively provided from the month of birth if applied for within 60 days including the birth date.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.