Housing and Commercial Flood Damage Repair Costs Increased to 2 Million Won, Support Criteria Realigned

Government Requests Additional Disaster Relief Funds; Local Governments Consider Additional Support

Gyeongbuk Provincial Government,

Gyeongbuk Provincial Government,

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[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Gwiyeol] Gyeongbuk Province is reviewing various support measures to help residents who suffered flooding and property damage from Typhoon Hinnamnor on the 6th to quickly restore their daily lives.


According to government support standards for natural disasters, disaster relief funds of up to 2 million KRW are provided for flooded houses and commercial establishments.


Specifically, the disaster relief fund for flooded house restoration is capped at 2 million KRW, and condolence money is capped at 1 million KRW. The small business damage support relief fund is only 2 million KRW per store (Gyeongbuk Province Disaster Relief Fund).


This amount is far from sufficient given that residents need to replace wallpaper and flooring in flooded houses as well as purchase new home appliances such as washing machines and refrigerators.


Therefore, Gyeongbuk Province is requesting additional support for small business damage relief funds from the central government to be reflected in the government’s disaster recovery plan.


Additionally, the province is also reviewing its own supplementary support measures to provide practical help to affected residents.



Regarding this, Governor Lee Cheol-woo said, “As natural disaster damages such as heavy rains and typhoons continue due to rapid climate change, realistic support and recovery must be provided for damage relief. We will strongly urge the central government to improve the current government disaster support standards.”


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

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