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Government Rolls Out Public Welfare Consumption Vouchers to Stimulate Economy
SEOUL, South Korea – August 21, 2024 – Citizens across South korea are set to receive their first installment of public welfare consumption vouchers starting today, August 21st, at 9 AM. This initiative, spearheaded by the Ministry of Public Administration and Security, aims to inject vital funds into the economy and support citizens during a period of recovery.
The program offers varying amounts based on residency and socioeconomic status. The general public will receive a base payment of 150,000 won. Residents in non-capital regions, excluding seoul, Incheon, and Gyeonggi Province, will benefit from an additional 30,000 won, bringing their total to 180,000 won. This regional bonus specifically includes areas like Daegu and 15 cities and counties within Gyeongbuk Province.
More vulnerable populations will receive enhanced support. Next-level class individuals and single-parent families are eligible for 300,000 won each, while recipients of basic living support will receive a considerable 400,000 won. Furthermore, residents in rural and fishing communities, encompassing 84 cities and counties, will receive an extra 50,000 won.
for Daegu residents specifically, the breakdown is as follows: general public members will receive 180,000 won (150,000 won base + 30,000 won non-capital bonus). Next-level class and single-parent families in Daegu will receive 330,000 won, and those receiving basic living support will get 430,000 won. Daegu citizens residing in military areas and Gyeongbuk citizens in military areas will receive 230,000 won, with additional support for other vulnerable groups.
To manage the influx of applications and prevent system strain, a staggered application schedule based on birthdates will be in effect during the first week (August 21st to 25th). Monday, August 21st, is for those whose birthdays end in 1 or 6; Tuesday, August 22nd, for 2 or 7; Wednesday, August 23rd, for 3 or 8; Thursday, August 24th, for 4 or 9; and Friday, August 25th, for 5 or 0.
Applications can be submitted online 24 hours a day. Offline applications are available from 9 AM to 6 PM on weekdays, with bank branches accepting applications until 4 PM.
Beneficiaries have a choice of how they receive their vouchers, including credit and check cards, prepaid cards, and local love vouchers. Daegu City is facilitating all these options,including credit/check cards (online and offline),local love gift certificates (card,mobile,and offline),and prepaid cards (offline).
Applications for credit and check cards can be made through card company websites,apps,call centers,or ARS systems,as well as in person at linked bank branches.For local love gift certificates, applications are available online via the Daegu Regional Love Gift Certificate App or Nuri house.
The consumption vouchers are valid for use until November 30th,offering a spending window of over four months. Daegu citizens are restricted to using their vouchers within Daegu. Local love gift certificates can be used at affiliated businesses within Daegu City. Credit, check, or prepaid cards can be used at small businesses with annual sales under 3 billion won, with some industry exceptions.
For any inquiries, citizens can contact the Government Complaint Guide Call Center (Kookmin Call 110), the Civil Reservoir consumption Coupon call Center (1670-2525), or their local government call centers.
Deputy Minister of Public Administration and Security, Kim Min-jae, emphasized the program’s role in economic recovery, stating, “The consumption voucher is a vital tool for the swift recovery of our economy. We will work closely with local governments to ensure that every eligible citizen receives their payment.”