Suncheon City to Begin First Round of "High Oil Price Damage Support Fund" Payments on the 27th

Following the 'Suncheon Livelihood Recovery Support Fund',
Full Commitment to Regional Economic Revitalization with New Government Aid

Suncheon City in South Jeolla Province announced that, following the ongoing provision of the 'Suncheon Livelihood Recovery Support Fund' to alleviate the financial burden on citizens caused by high oil prices originating from the Middle East and to revitalize the local economy, it will begin distributing the first round of the 'High Oil Price Damage Support Fund' in accordance with government policy starting from the 27th.

The first round of support will be provided from the 27th to May 8, targeting recipients of the Basic Livelihood Security Program as well as those in the near-poor category and single-parent families. Each recipient of the Basic Livelihood Security Program will receive 600,000 won per person, while those in the near-poor category and single-parent families will receive 500,000 won per person.

Suncheon City will provide the first round of "High Oil Price Damage Support Fund" starting from the 27th, following the "Suncheon Livelihood Recovery Support Fund." Provided by Suncheon City

According to the government's payment plan, the second round will be distributed from May 18 to July 3, providing 150,000 won each to 70% of the population selected based on income criteria. Basic Livelihood Security Program recipients and near-poor and single-parent families who did not apply for the High Oil Price Damage Support Fund during the first application period may also apply and receive the support during the second round.

Applications for the support fund can be made both online and offline. To ensure a smooth application process, from April 27 to April 30, a weekday system based on the last digit of the applicant’s birth year will be implemented. It will not be possible to apply offline on public holidays and weekends.

Online applications can be submitted through the websites and apps of each credit card company, as well as the local gift certificate app. For offline applications, credit and debit cards can be processed at bank branches associated with the respective cards, while paper-type Suncheon Love Gift Certificates or prepaid cards can be applied for at the local Eup, Myeon, or Dong Community Service Centers according to the applicant’s registered address.

Eligibility is limited to citizens who were registered residents of Suncheon as of March 30 of this year. Adults (those born on or before December 31, 2007) may apply individually, while for minors (those born on or after January 1, 2008), the head of the household as listed in the resident registration must apply on their behalf.

The High Oil Price Damage Support Fund can be used at small businesses within the jurisdiction with annual sales of 3 billion won or less. The support fund must be used by August 31, and any unused balance will automatically expire after that date.

A city official stated, "With the addition of the High Oil Price Damage Support Fund to the currently distributed Suncheon Livelihood Recovery Support Fund, we expect citizens will significantly feel the effects of livelihood stabilization," adding, "We will concentrate all administrative resources to ensure that every eligible citizen can receive the benefits without omission."

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