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...
South Korea on Monday began paying out emergency disaster relief funds totaling 14.3 trillion won to all households to cope with the economic impact of the coronavirus outbreak.
The payments of the one-off handouts started with some 2.8 million households in the lowest income bracket, or 13 per cent of the total, and will be expanded to cover the rest over the next three months. The timing of the payment can differ depending on the circumstances of local governments but all the cash remittances will be completed by Friday, the ministry noted.
To prevent the overloading of the web servers, the online reference and application services can be used only on designated days for each individuals, depending on the last digit of one’s birth year, just like the ongoing mask rationing system.
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