Vol.17 Case Analysis of Emergency Relief Payments in response to COVID-19

Focusing on major economies and local government

April 13, Vol 17.

Overview of Emergency Relief Payments

* On March 30, 2020, the Korean government announced the “Emergency Relief Payments” in response to COVID-19 crisis
   - Eligibility: Korean households in the bottom 70 % income bracket 2) determined by using the sum of individual health insurance contributions paid in March as a key standard.
   - Amount­ of ­payment: Payments to vary according to the number of household members (from KRW 400,000 for single-person households to 1 million for four-person households)