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Korea Disaster Relief Fund

The COVID-19 pandemic has taken its toll on ordinary citizens. In South Korea, hundreds of thousands have lost their jobs from February to April. The national government is well aware of this and thus they have setup a special budget for the “Disaster Relief Fund” or 긴급재난지원금 (“kin-geup-jae-nan-ji-won-geum”) in Korean.

Korea Disaster Relief Fund

Who can apply for the national disaster relief fund?

Korean citizens, foreigners with F-5 and F-6 visa are the beneficiaries of this disaster relief fund. The application started on May 11, 2020 both online and offline – at the 동사무서 or village office from May 18.

Online application is based on the last digit of the applicant’s (head of the household) birth year as follows:

Apply onMondayTuesdayWednesdayThursdayFridaySat, Sun
Last digit of birth year1, 62, 73, 84, 95, 0All

How much is allocated for each family?

Around 2,171,000 households are expected to get the disaster relief fund. The amount that each receives will depend on the number of family members:

Members1234
Level of support400,000600,000800,0001,000,000
If some amount has already been paid by the local government, the funding may vary.

Each household is entitled to this fund regardless of their income or assets. However, they may decide to donate the fund to the government instead.

The fund can be received through a credit card, cash card, or gift cards. It cannot be exchanged for cash.

Where to use

The fund may be used at the following establishments:

Traditional markets, neighborhood marts, gas stations, restaurants, coffee shops, bakery, convenience stores, hospitals, pharmacies, hair salon, eye glass shops, book stores, stationery shops, academies.

Restrictions on spending

The government has setup restrictions on how a family can spend the fund. It is recommended to use the funds at small businesses. They may not be used at the following places:

IndustryBrand
1SupermarketsHomeplus (Express), Lotte Mart (Lotte Super), Emart (Traders, Everyday)
2Department StoresShinsegae, Lotte, Hyundai, New Core
3E-commerce sitesOnline shopping malls, delivery apps
4Electronics shopsHi-mart, E-Land, Samsung Digital, LG Best Shop
5EntertainmentBars, night clubs, golf clubs, screen golf, noraebang, massage, casino, and the likes
6Gift cardsGift cards sellers
7JewelryJewelry shops
8TaxIncome tax, citizen tax
9Duty freeDuty free shops
10InsuranceFour basic insurance
11OthersTransportation, telecom
*The Ministry of Health and Welfare applies childcare coupons (caring points) to restricted businesses.
*For detailed usage restrictions (brands), contact the card company’s website and the card company’s call center (may vary depending on the type of industry classification by card company)

The fund is available 1-3 days after application. It may be used until August 31, 2020 or the remaining amount will be donated to a government fund.

To apply online: https://www.xn--jj0bb2kr6h965bxcbp8g.kr/

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