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Icheon City Begins Accepting Applications for High Oil Price Damage Support Fund from May 27

Vulnerable groups receive up to 550,000 won; bottom 70% income earners receive 100,000 wonFirst round applications from vulnerable groups begin May 27; second round from bottom 70% income earners begins May 18
Icheon City high oil price damage support fund promotional poster.
Icheon City high oil price damage support fund promotional poster.

[Suwon Ilbo=Reporter Eom In-yong] Icheon City is implementing the government's 'High Oil Price Damage Support Fund' project to ease citizens' financial burden caused by recent surges in international oil prices and high inflation, and to revitalize the local economy.

To this end, the city has organized a dedicated People's Livelihood Support Task Force headed by Vice Mayor Park Jong-geun and has begun full-scale implementation of the project.

According to the city, the first round of applications will begin on May 27 targeting vulnerable groups including basic livelihood security recipients, low-income households above the poverty line, and single-parent families, and from May 18, the beneficiary scope will be expanded to include citizens in the bottom 70% income bracket.

The support amount per person is 550,000 won for basic livelihood security recipients, 450,000 won for low-income households above the poverty line and single-parent families, and 100,000 won for citizens in the bottom 70% income bracket.

Applications can be made both online and offline.

For credit and debit cards, applications can be made through the relevant card company's website or app, call center, or by visiting a bank branch linked to the card; for local currency, applications can be made through a dedicated app or by visiting the eup, myeon, or dong administrative welfare center.

The application period for the first round targets vulnerable groups from May 27 to May 8, and the second round targets citizens in the bottom 70% income bracket from May 18 to July 3.

Additionally, to minimize citizen confusion and improve convenience, the city plans to implement various support systems including △day-of-the-week application system based on birth year ending digit during the first week of implementation (Mondays 1·6, Tuesdays 2·7, Wednesdays 3·8, Thursdays 4·9·5·0, day-of-the-week restriction lifted from Friday onwards) △visiting application services △deployment of administrative welfare center auxiliary personnel △advance notification through National Secretary service and others. Support funds from both the first and second rounds can be used until August 31.

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