Compensation of 263.4 Billion KRW for October Losses of Medical Institutions Responding to COVID-19

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[Asia Economy Reporter Byeon Seon-jin] The government will pay a total of 263.4 billion KRW in loss compensation for October to medical institutions responding to COVID-19. The Central Accident Response Headquarters of the Ministry of Health and Welfare announced on the 28th that this was decided at the Loss Compensation Deliberation Committee meeting on the 24th.

This 31st provisional payment will provide a total of 260.1 billion KRW to 288 medical institutions. Of this, 258.6 billion KRW will be paid to 262 designated infectious disease hospitals and other treatment medical institutions, and 1.5 billion KRW will be paid to 26 hospitals operating screening clinics. Additionally, 900 million KRW will be paid as the first settlement amount to 19 institutions where 6 months have passed since the designation as treatment medical institutions was lifted.

A total of 2.4 billion KRW will be paid to 754 institutions, including 179 medical institutions, 23 pharmacies, 448 general businesses, and 104 social welfare facilities that complied with government and local government orders for closure, suspension of operations, or disinfection.

Furthermore, the Central Accident Response Headquarters of the Ministry of Health and Welfare stated that from this month, settlements are being conducted for institutions where 6 months have passed since the lifting of designation as COVID-19 patient treatment medical institutions and have not been re-designated. In cases where settlement applications cannot be made due to suspension or closure of business, they also announced that they will conduct ex officio settlements to improve work efficiency.

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