Yangju City to Provide High Oil Price Damage Support Fund from April 27... Up to 550,000 Won Per Person

Yangju City in Gyeonggi Province will begin providing the "High Oil Price Damage Support Fund" starting from April 27 to alleviate the financial burden on citizens caused by rising international oil prices.

Yangju City will start providing the "High Oil Price Damage Support Fund" from the 27th to alleviate the living burden on citizens caused by the rise in international oil prices. Provided by Yangju City

The maximum amount of support per person is 550,000 won. To ensure convenience for citizens and reduce congestion at service locations, the payments will be distributed in two phases.

The first phase will take place from April 27 to May 8, during which 450,000 to 550,000 won will be provided first to recipients of basic livelihood benefits and those in the near-poverty class.

The second phase will run from May 18 to July 3. Eligible recipients during this period include citizens in the bottom 70% income bracket, as well as basic livelihood benefit recipients and near-poverty class individuals who did not apply during the first phase. Those in the bottom 70% income bracket will receive a support fund of 100,000 won.

To prevent crowding at the start of the application period, a day-of-the-week system based on the last digit of one's birth year will be implemented.

Applications may be submitted both online and offline. Online applications can be made via the websites and apps of card companies, or through the Gyeonggi Local Currency (Yangju Love Card) app. For offline applications, credit and debit cards can be processed at affiliated bank branches, while prepaid cards can be processed at the local administrative welfare centers in the applicant's area of residence.

The support fund must be used by August 31, 2026. It can be spent at small businesses within Yangju City with annual sales of 3 billion won or less, except for restricted sectors such as entertainment and gambling. Any unused balance after the deadline will be automatically forfeited.

A Yangju City official stated, "We hope this support will ease the economic burden for citizens suffering from high oil prices and revitalize the local economy," adding, "We will do our utmost to promote the program and provide administrative support so that all eligible citizens receive these benefits."

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