Coronavirus: South Korea begins payment of $11.65 billion to households

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Coronavirus: South Korea begins payment of $11.65 billion to households
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South Korea on Monday began paying out emergency disaster relief funds totaling 14.3 trillion won (US$11.65 billion) to all households to cope with the economic impact of the coronavirus outbreak.

Visitors wearing face masks to help protect against the spread of the new coronavirus walk along the Han River at a park in Seoul, South Korea on April 19, 2020. Lee [PHOTO: Jin-man—AP]South Korea on Monday began paying out emergency disaster relief funds totaling 14.

According to the Ministry of the Interior and Safety, it has given a combined 1.29 trillion won in cash to the first-group households living off basic livelihood subsidies, basic pensions and disability benefits as of 6 p.m. The rest of the nation’s households will be paid the disaster relief funds in the form of credit or debit card points, regional gift certificates or prepaid cards, beginning next week, it said.Online applications for credit or debit card points will begin next Monday via the websites of card companies and the point payments will be made two days later.

Households failing to apply for the emergency relief funds within three months will be regarded as donors to the state.Likewise, it is recommended that regional gift certificates are used by the end of August.

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