Busan City Begins High Oil Price Relief Payments... Up to 600,000 Won

First Round of Payments: April 27 to May 8

Busan City has begun providing 'High Oil Price Relief Funds' to reduce the burden on citizens caused by high oil prices and inflation.

The first round of payments will be made from April 27 to May 8. Recipients of basic living security will receive 600,000 won, while those in the lower-income bracket and single-parent households will receive 500,000 won.

The second round of payments will take place from May 18 to July 3. Based on income criteria, support will be provided to 70% of the population. Residents in Dong-gu, Seo-gu, and Yeongdo-gu will receive 200,000 won, while residents in the remaining 13 districts and counties will receive 150,000 won.

Applications can be submitted both online and offline. To alleviate initial application congestion, a system based on the last digit of the applicant's birth year will be in effect from April 27 to April 30.

The relief funds can be used at small businesses in Busan with annual sales of 3 billion won or less. The usage deadline is August 31, and any unused balance will be automatically forfeited. The city will also operate a 'visiting application service' for the elderly and people with disabilities.

Mayor Park Hyungjoon stated, "This measure is intended to provide substantial relief from citizens' financial burdens," and added, "We hope the relief funds will lead to increased local consumption and benefit small businesses and the regional economy."

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