Here's How to Use Gyeonggi Province's Disaster Basic Income
Suwon NewsPublished 2020.04.10 06:11
Applicants for Gyeonggi Regional Currency Card and credit card methods can use immediately upon receiving approval text from card company within 2 daysGyeonggi Regional Currency Card: 100,000 won charged; credit card deducted upon useValid period: 3 months from approval text receipt date; unused amount recovered if expiredUsable locations: Businesses with annual sales of 1 billion won or less in the applicant's registered address city/county, all stores accepting general IC card payment (excluding department stores, large marts, entertainment and gambling establishments, etc.)
[Suwon Ilbo=Park No-hoon] How should you use Gyeonggi Province's Disaster Basic Income?
Gyeonggi Province has announced guidance on how to use the funds as applications for disaster basic income from the province and 18 cities and counties began on the 9th.
According to the provincial government on the 10th, applications for the Gyeonggi Regional Currency Card or credit card method are being accepted through the Disaster Basic Income Application Homepage (basicincome.gg.go.kr) from 3 p.m. on the 9th through the 30th of this month.
Gyeonggi Regional Currency Card and credit card users can submit their applications by entering their card information on the Disaster Basic Income homepage, after which verification of applicant personal information and application amount is completed.
Within 2 days of application, an approval text message will be sent to mobile phones stating: "Your Gyeonggi Province (10,000 won per person) [and ○○ City (○○,000 won per person)] Disaster Basic Income card usage has been approved. You can use it at regional currency affiliated merchants with the card you applied for." (Eighteen cities and counties sharing the Disaster Basic Income homepage are included in brackets)
The regional currency card will be charged with 100,000 won along with the text, and the credit card will have deductions made upon use from that point.
When using Disaster Basic Income with an approved credit card, every 5 days a message stating "We are providing you with information about your Gyeonggi Province [and ○○ City] Disaster Basic Income usage status" will be sent via text along with the usage amount and cumulative usage and remaining balance for the past 5 days.
The valid period for Gyeonggi Province's Disaster Basic Income is 3 months from the date the approval text is received from the card company. After 3 months, the amount is no longer deducted from the disaster basic income, and any remaining balance is recovered as unused.
Usage locations are the same as existing regional currency merchants—restaurants, traditional markets, wholesale and retail stores, and franchise stores with annual sales of 1 billion won or less located in the applicant's registered address city or county, and can be used at all stores that accept general IC card payment. However, they cannot be used at large department stores, large marts, corporate supermarkets, entertainment and gambling establishments, or franchise direct-operated stores.
A provincial official stated, "Gyeonggi Province's Disaster Basic Income is the province's 'economic quarantine' policy to boost residents' consumption capacity and revive the halted local economy," and added, "We hope residents will make wise consumption choices with the disaster basic income provided to all residents."
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