(Breaking) Osan City to Distribute 100,000 Won Per Person in Disaster Basic Income

[Suwon Ilbo=Reporter Seo Dong-young] Osan City has decided to distribute disaster basic income to its citizens at the city level. The amount is 100,000 won per person.

Mayor Gwak Sang-wook announced the introduction of "Osan City Disaster Basic Income," which provides 100,000 won per citizen, at an emergency briefing held at Osan City Hall on the 2nd.

The required funds for this amount to approximately 24 billion won. Additionally, Osan City's share of the burden from the implementation of the national disaster basic income is approximately 6 billion won, requiring a total of 30 billion won in funding.

With the introduction of disaster basic income, Osan citizens with income at or below 70% of the standard for four-person households will receive approximately 1.69 million won combined from the national disaster basic income, Gyeonggi Province disaster basic income, and Osan City disaster basic income.

Citizens with income at or above 70% of the standard for four-person households will also be able to receive approximately 800,000 won regardless of income.

The city plans to submit a supplementary budget to the city council within April and make payments to citizens as quickly as possible. The one-point emergency session is expected to take place around April 8th.

Payment timing and detailed information will be announced at the time when the payment system construction currently underway by Gyeonggi Province is completed.

Mayor Gwak Sang-wook stated, "It is not finalized, but regarding the payment method, currently 15% of Osan citizens possess local currency. It is expected to take considerable time to produce local currency for the remaining 85%." He added, "Therefore, the city is considering providing local currency to the 15% of citizens who possess it and paying all residents without local currency entirely in cash for faster distribution."