"'Can I Receive It?'"…'2nd Round Public Livelihood Support Funds' of 100,000 KRW, You Won't Get It Without Knowing 'This'! (Application Summary)
Everyone! Following the 1st round, applications for the '2nd Round of Public Livelihood Support Funds', which will fill our wallets, have finally begun!
This time, it's selective support for the 'bottom 90% income bracket', so it's crucial to check 'if you're eligible'. From the confusing eligibility criteria to the easiest application methods! I'll tell you everything.
'Am I Disqualified?'…First, 'Check' the Eligibility Criteria!
This support fund targets 90% of the public, excluding high-asset individuals and the top 10% income earners. There are two main criteria:
- Asset Criteria: You are excluded if your total 2024 property tax base exceeds 1.2 billion KRW or your annual financial income exceeds 20 million KRW.
- Income Criteria: Your 2025 June health insurance premium must be below the household standard amount.
- 1-person household (employee subscriber): Monthly premium ≤ 220,000 KRW (approx. 75 million KRW annual income)
- 4-person household (single earner): Monthly premium ≤ 510,000 KRW
- ⭐ Dual-income Tip: For dual-income households, eligibility is based on adding +1 person to the actual household size, increasing the likelihood of being eligible!
'5-Minute Cut' Application Method & Tips
- Application Period: September 22 (Mon) ~ October 31 (Fri)
- Easiest Method: Applying through your usual card company app or simple payment apps like Kakao Pay, Naver Pay, or Toss is the fastest. I tried it myself, and it took less than 5 minutes.
- Offline Application: If online application is difficult, you can apply at your nearest resident center or a card-affiliated bank branch with your ID.
Where to Use?…Usage & Expiry Period
- Expiry Period: Until November 30! (Please note that it will automatically expire after this period!)
- Where to Use: It can be used at most small business establishments such as local shops, traditional markets, restaurants, and hair salons with annual sales of less than 3 billion KRW. (Excludes large marts, department stores, and online shopping malls)
Don't Forget to Claim It!
100,000 KRW might seem small to some and large to others. Don't forget to apply for this 2nd round of public livelihood support funds to help revitalize our local shops and boost our household finances.
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