Gyeonggi Province to Begin Second Round of 'High Oil Price Damage Relief Fund' from June 18th

[Suwon Ilbo=Reporter Kim Gap-dong] Gyeonggi Province announced on the 10th that it will begin the second round of applications and payments for the 'High Oil Price Damage Relief Fund' starting on June 18th.

The province reported that as a result of the first round of applications for the 'High Oil Price Damage Relief Fund,' which was promoted to stabilize the livelihood of residents facing difficulties due to the aftermath of the Middle East conflict and high inflation and fuel prices, 566,861 people, representing 89.6% of eligible applicants, submitted applications.

The first round of payments targeted basic livelihood security recipients, those in the lower-income bracket, and single-parent families, with amounts differentiated from 450,000 won to 600,000 won depending on income level and residential area. The total payment amount was approximately 305.7 billion won.

Starting June 18th, the second round of applications will begin targeting the bottom 70% of income earners. The second round application period runs through July 3rd, and first-round beneficiaries who failed to apply during the designated period may also submit applications.

Second-round beneficiaries residing in Gyeonggi Province will receive 100,000 won per person, while residents of depopulation areas such as Gapyeong and Yeoncheon will receive an additional 100,000 won.

Eligible beneficiaries will be selected through an income verification process using health insurance premiums, similar to last year's Civil Livelihood Recovery Consumption Coupons, targeting the bottom 70% of the population. Eligibility status can be confirmed in advance starting June 16th by applying for the National Secretary Notification Service on mobile apps such as Naver, KakaoTalk, and Toss.

Applications can be submitted online through credit card company websites, mobile apps, and local currency apps, as well as offline at affiliated bank branches and administrative welfare centers at the applicant's registered address. During the first week of applications, a day-of-the-week system based on birth year will be applied to alleviate server congestion.

Confirmed relief funds can be used until August 31st at businesses within the applicant's jurisdiction and at small business establishments with annual sales of 3 billion won or less. However, gas stations and certain E-Mart stores in rural areas may accept relief funds regardless of annual sales figures.

The province plans to continue operating the 120 Gyeonggi Province Call Center and city and county counseling services to minimize any inconveniences that may arise during the application process, while also continuing to provide visiting application services for residents with mobility difficulties, such as the elderly and people with disabilities.