Gwangju Dong-gu Expands Eligibility for Child Allowance Payment
[Asia Economy Honam Reporting Headquarters Reporter Cho Hyung-joo] Dong-gu, Gwangju Metropolitan City, will expand the child allowance payment target from April to provide 100,000 KRW monthly to all children under the age of 8.
This expansion follows the increase in the child allowance payment age criteria by the Ministry of Health and Welfare, extending the target from children under 7 years old (0~83 months) to children under 8 years old (0~95 months), applicable to children born after February 1, 2014.
For children born between February 1, 2014, and March 31, 2015, who previously received the child allowance but had payments stopped upon reaching their 7th birthday, the allowance will be paid without a separate application, and any unpaid allowances will be paid collectively in April.
However, those who have no history of applying for the child allowance or need to update their information must apply by the 31st at their local administrative welfare center, through ‘Bokjiro’, or ‘Government24’.
A district official stated, “With the expansion of the child allowance payment target, more children will benefit,” adding, “We will strive further to make Dong-gu a child-friendly city where children can grow up happily.”
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- "Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Meanwhile, the child allowance was introduced in 2018 to reduce the economic burden of child-rearing and create a healthy growth environment. Initially provided selectively, it is now paid monthly at 100,000 KRW to all children of the relevant age regardless of household income or property level.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.