10 Million Apply for Second Round of High Oil Price Assistance in Two Days... Cumulative Payments Exceed 3 Trillion Won

10,186,000 Apply for Second Round... Application Rate at 31.2%

Combined First and Second Round Assistance Payments Reach 3.0739 Trillion Won

The number of applicants for the second round of government high oil price relief funds, targeting 70% of the population, has surpassed 10 million.

Photo of the scene where high oil price relief funds are being distributed. Photo by Yonhap News Agency

According to the Ministry of the Interior and Safety on May 20, as of midnight the previous day, 10,186,000 people (an application rate of 31.2%) eligible for the second round of high oil price relief funds had applied.

To prevent system overload, the government is implementing a weekday rotation system. On the first day of applications, Monday, May 18, only those whose birth year ends with 1 or 6 could apply, while on the second day, Tuesday, only those ending with 2 or 7 were eligible to apply.

The cumulative number of applicants for the first and second rounds combined is 13,191,343 (an application rate of 36.7%), and a total of 3.0739 trillion won in relief funds has been distributed.

The second round of high oil price relief funds targets 32.7 million people in the bottom 70% income bracket.

The amount of relief varies by region, in accordance with local preference principles: 100,000 won for the Seoul metropolitan area, 150,000 won for non-metropolitan areas, 200,000 won for areas designated as population decline support zones, and 250,000 won for specially designated population decline zones.

Online applications, including through credit card companies, are available 24 hours a day, while offline applications at community centers are accepted from 9 a.m. to 6 p.m. on weekdays (until 4 p.m. at bank branches).

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