Sancheong-gun Raises Livelihood Benefit Eligibility Criteria... Standard Median Income from 30% to 32%
Up to 210,000 KRW per month for a 4-person household
Sancheong-gun, Gyeongnam Province, is making efforts to improve welfare for its residents by raising the eligibility criteria for livelihood benefits.
According to Sancheong-gun on the 9th, this year the eligibility criteria for livelihood benefits were raised from 30% to 32% of the median income for the first time in seven years since 2017.
As a result, the livelihood benefit amount for a single-person household this year increased by 14.4%, from 623,368 KRW to 713,102 KRW.
In particular, for a four-person household, the amount increased by 210,000 KRW (13.16%) from the previous 1,620,289 KRW to a maximum of 1,833,572 KRW.
Along with this, Sancheong-gun also increased the range of the median income, which serves as the standard for the Basic Livelihood Security System and other programs, by 6.09% (based on a four-person household).
However, households receiving medical benefits that include persons with severe disabilities are exempt from the support obligation criteria, and households with supporters whose annual income exceeds 100 million KRW or general property exceeds 900 million KRW are excluded from support.
Additionally, due to the relaxation of property standards this year, the engine displacement limit for one livelihood-use vehicle has been expanded from under 1600cc to under 2000cc.
Furthermore, the general property conversion rate (4.17% per month), which was previously applied only to households with six or more members and multi-child households with three or more children owning passenger cars under 1600cc, will be expanded to include passenger and van vehicles under 2500cc.
Moreover, to support withdrawal from benefits and poverty alleviation, the age limit for an additional deduction of 400,000 KRW on earned and business income has been expanded from 24 years old or younger to 29 years old or younger.
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- KOSPI Turns Lower After Hitting 8,000 Points... Is Profit-Taking to Blame? [1-Minute Brief]
- "Samsung and Hynix Were Once for the Underachievers"... Hyundai Motor Employee's Lament
- "That? It's Already Stashed" Nightlife Scene Crosses the Line [ChwiYak Nation] ③
A county official stated, “With the eligibility criteria for livelihood benefits raised for the first time in seven years and the relaxation of property standards, residents who were previously excluded due to exceeding the criteria can now receive welfare benefits. We will continue to discover beneficiaries and do our best to realize a happy Sancheong for all residents.”
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.