'Parent Allowance' Introduced for the First Time This Year... Incheon City Supports 16,500 People Monthly

With the introduction of parental benefits for the first time this year, it has been reported that 99,039 people in Incheon received support until last month.

Incheon City announced on the 18th that an average of 16,507 people per month, totaling 99,039 people, received parental benefits amounting to 67.3 billion KRW.

Parental benefits are a system expanded and restructured from the existing infant allowance, introduced in January this year to compensate for the income loss due to childbirth or childcare in families with infants and young children, thereby alleviating economic burdens.

Children aged 0 to 11 months, including those born in 2023, receive 700,000 KRW per month, and 1-year-old children receive 350,000 KRW per month. Next year, the parental benefits will be expanded to 1,000,000 KRW per month for 0-year-olds and 500,000 KRW per month for 1-year-olds.

The eligibility for parental benefits is applied retroactively based on the child's age in months, regardless of the birth year. If applied before the 15th of each month, benefits are paid from the month of application; if applied after the 15th, benefits are paid from the following month on the 25th to the designated account.

However, applications must be made within 60 days including the birth date to receive support from the birth month; if applied after 60 days of birth, benefits are paid from the month of application.

If using the full-day infant care service, parental benefits cannot be received simultaneously. Among the two support methods, applicants can choose the system that is more advantageous to them. The hourly infant care service, which is not full-day, is eligible for parental benefits.

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