Starting Monday, people in the bottom four-fifths income bracket, which accounts for roughly 88 percent of the population, can start applying for the fifth round of COVID-19 emergency relief funds. They will each get 250-thousand Korean won - roughly 216 U.S. dollars.
Eligibility is determined by each household's national health insurance payments. Foreigners with a permanent residency visa and those married to Koreans can also apply.
Starting 9am on Monday, individuals can check their eligibility and apply for the funds on the National Health Insurance Service website or through online banking applications.
In order to avoid overcrowding, the first week of fund applications are open on designated days based on the last digit of the applicant's birth year. So those born in a year ending in 1 or 6, such as those born in 1976, are eligible to apply on Monday, 2 or 7 on Tuesday and so on.
Recipients can choose whether to get a local cash voucher, a prepaid card or have the payment put onto their credit or debit cards.
After this first week, online applications will be open without birth year restrictions.
From next week, people can also apply in-person at their registered district community centers.
Registration runs until the 29th of October.
The payment will be given a day after the application and recipients have until the end of the year to use the funds.
These funds can only be used at most small neighborhood businesses like traditional markets, local supermarkets, restaurants and cafes. They cannot be used at department stores, large discount stores, entertainment establishments or on delivery apps.
Any funds not used by December 31st will be returned to the state.
Lee Eunjin, Arirang News.