Hong Tae-yong, Mayor of Gimhae, "Will Provide 100,000 Won to All Gimhae Citizens Before Chuseok"

Hong Taeyong, Mayor of Gimhae, Gyeongnam, announcing the payment of the 'Gimhae Citizen COVID-19 Hope Support Fund'.

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Se-ryeong] “Before Chuseok, we will provide 100,000 KRW per person to all Gimhae citizens.”

On the 11th, Hong Tae-yong, mayor of Gimhae City, Gyeongnam, announced that the ‘Gimhae Citizen COVID-19 Hope Support Fund’ will be distributed.

Gimhae City explained that this decision was made based on the judgment that the economic difficulties of citizens have intensified due to the overlapping effects of the COVID-19 variant virus resurgence and the ‘three highs’ of high inflation, high interest rates, and high exchange rates.

Mayor Hong said, “To maximize the local economic stimulation effect of the Hope Support Fund, we believe that rapid payment before Chuseok is most important, so we chose the method of depositing into household accounts, which is simple for application and payment. We hope citizens actively participate so that the support fund immediately leads to consumption within our region and serves as a catalyst for local economic recovery.”

The support fund will be given to citizens registered as residents in Gimhae City as of August 10.

Overseas immigrants and foreigners registered as permanent residents who are listed on the household resident registration of Gimhae City are also included in the payment target.

The payment method plans to receive applications from the head of household or household members on a household basis according to resident registration and pay into bank accounts, with a total budget of 54.5 billion KRW expected to be used.

Applications can be made from 9 a.m. on the 29th until October 20 on the Gimhae City website, where household heads or members can apply after mobile phone identity verification.

Alternatively, household heads or members can visit the administrative welfare center in their resident registration area with their ID and a copy of their bankbook to apply.

Foreigners listed on the resident registration or proxies can only apply in person.

Citizens receiving basic pension or disability pension as of the 9th of this month will have the support fund deposited into their pension accounts by September 2 without applying.

The city will implement a day-of-the-week system based on the last digit of the birth year to prevent a concentration of applicants during the first week of application.

This applies to both online and in-person applications: on the 29th, those whose birth year ends in 1 or 6; on the 30th, 2 or 7; on the 31st, 3 or 8; on September 1, 4 or 9; and on September 2, 5 or 0 can apply as household members or heads.

After September 3, applications can be made regardless of birth year.

In-person applications can be made on weekdays from 9 a.m. to 6 p.m., excluding Saturdays, Sundays, and holidays, while online applications are available 24 hours during the application period.

A city official stated, “This Hope Support Fund will be paid entirely from the city’s own resources without issuing local bonds, so it will not harm the city’s fiscal soundness.”

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