Table of Contents
Core of Busan Support Fund
The city of Busan has prepared measures to reduce the burden on citizens caused by high oil prices and inflation while recovering the local economy. The first disbursement of the high oil damage support fund will begin on April 27.
This support will first quickly assist vulnerable groups, and a second disbursement will be made based on income criteria to support more citizens.
This policy is designed not just as simple cash support; it aims for the support funds to be used in stores with annual sales of less than 3 billion won within the Busan area. Through this, it aims to stabilize citizens' livelihoods and simultaneously recover the local commercial district.
Busan citizens must accurately check the application period, payment amount, usage locations, and deadlines for the support funds. By doing so, they will be able to maximize the use of the support funds, which will positively impact the local economy.
First Disbursement Target Amount
The first disbursement period for the high oil damage support fund in Busan is from April 27 to May 8. The beneficiaries include basic living recipients, lower-income classes, and single-parent families.
The payment amounts based on the target categories are as follows: basic living recipients will receive 600,000 won, and lower-income classes and single-parent families will receive 500,000 won. This support is designed to help vulnerable groups first, providing substantial help for those with significant living cost burdens.
Moreover, if individuals miss the application period in the first disbursement, they will still have the chance to apply again during the second application period. The eligibility date for the beneficiaries is March 30, 2026; thus, citizens registered as residents in Busan Metropolitan City as of that date will be included.
Adults can apply individually, while minors must typically have their household head apply. However, it is important to remember that minors' household heads without any adult members on the resident registration can also apply directly.
Summary of Second Disbursement Targets
The second disbursement and application period will take place from May 18 to July 3. During this period, approximately 70% of the public selected based on income criteria, such as health insurance premiums, will receive support.
The payment amounts vary by region. Residents in Dong-gu, Seo-gu, and Yeongdo-gu will receive 200,000 won per person, while residents in the other 13 districts will receive 150,000 won. Notably, Dong-gu, Seo-gu, and Yeongdo-gu are classified as declining population areas, which results in a higher payment.
It is crucial for Busan citizens to check their residing districts and whether they are eligible for the first or second disbursement in advance. The Busan high oil damage support fund is a livelihood support policy that many citizens will directly benefit from, hence attracting significant attention.
Application Method and Day Check
The application methods are available in both online and offline formats. However, during the first week of applications, from April 27 to April 30, a day system based on the last digit of the birth year will be applied. Specifically, on April 27, Monday, those whose year ends in 1 or 6 may apply; on April 28, Tuesday, 2 or 7; on April 29, Wednesday, 3 or 8; and finally on April 30, Thursday, those whose year ends in 4, 9, 5, or 0 may apply. Starting May 1, the day system will be lifted.
Online applications can be easily made through each credit card company's website or app and the local love gift certificate app. Offline applications can be made at associated bank branches, Busan Bank branches, and local resident centers in the area, but care must be taken as applications are not possible on weekends and holidays.
If you would like to confirm eligibility in advance, you can subscribe to notification services on the National Secretary website, Naver app, KakaoTalk, Toss, etc., so you can receive information beforehand. This prior confirmation will make the application process smoother.
Attention to Usage Locations and Deadlines
There are points to pay attention to even after receiving the support funds. It is essential to check the usage deadline and eligible business types accurately.
The high oil damage support fund provided in Busan can only be used at stores with annual sales of less than 3 billion won. However, specific industries such as the entertainment and gambling sectors are prohibited from use, so this must be checked in advance. Additionally, these support funds must be used by August 31, and any remaining balance will be automatically extinguished, so careful attention is needed.
When making payments, there are also some precautions to be aware of. Some kiosks and table order systems may not permit payments with the support funds. In such cases, the card terminal provided by the store should be used. It is important for citizens to inspect usage locations in advance and plan their spending within the deadline.
Moreover, the city will operate a dedicated call center for seniors and disabled citizens who have mobility issues, and will implement a home application service to enhance accessibility.
Summary of Busan Living Support
The high oil damage support fund implemented in Busan aims to reduce the burden of living costs for citizens while recovering sales for local small businesses. This policy is conducted in two phases: the first phase provides priority support to vulnerable groups, while the second phase expands disbursement to 70% of the population.
Busan citizens must closely check their eligibility and application schedules. In particular, the applications will start from April 27, operate according to the day system, and the support funds must be used by August 31. It is also important to note that the funds can be used in small business stores.
It is necessary to pay attention to whether this support fund can alleviate the financial burden for citizens and positively impact the local economy.
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Frequently Asked Questions (FAQ)
Q. What are the first disbursement targets and amounts for the Busan High Oil Damage Support Fund?
The first disbursement will be from April 27 to May 8, providing 600,000 won for basic living recipients and 500,000 won for lower-income classes and single-parent families.
The Busan High Oil Damage Support Fund prioritizes support for basic living recipients, lower-income classes, and single-parent families during the first disbursement. The first disbursement period is from April 27 to May 8, and the payment amounts are 600,000 won for basic living recipients, and 500,000 won for lower-income classes and single-parent families. Applications can be submitted individually by adults, while minors must apply through their household head, but minor household heads without any adult members registered can also apply.
Q. What are the second disbursement targets and amounts for the Busan High Oil Damage Support Fund?
The second disbursement will take place from May 18 to July 3, providing support for approximately 70% of the public, with 200,000 won for Dong-gu, Seo-gu, and Yeongdo-gu and 150,000 won for other districts.
The second disbursement will occur between May 18 and July 3, targeting approximately 70% of the public based on income criteria such as health insurance premiums. Residents in Dong-gu, Seo-gu, and Yeongdo-gu, which are classified as declining population areas, will receive 200,000 won per person, while the remaining 13 districts will receive 150,000 won. It is important to confirm eligibility and residential district beforehand.
Q. How can I apply for the Busan High Oil Damage Support Fund and what is the day system?
Applications can be made online and offline, with a day system based on the last digit of the birth year applicable from April 27 to 30.
Applications can be submitted online (via credit card company websites, apps, and the local love gift certificate app) and offline (at bank branches and resident centers). From April 27 to 30, the day system based on the last digit of the birth year will be applied: Monday is for 1 and 6, Tuesday for 2 and 7, Wednesday for 3 and 8, and Thursday for 4, 9, 5, and 0. The day system will be lifted starting May 1. Note that offline applications are not possible on weekends and holidays.
Q. What should I be aware of regarding usage locations and deadlines for the support funds?
The support funds can only be used at small businesses with annual sales of less than 3 billion won until August 31, and some industries are excluded.
The Busan High Oil Damage Support Fund can only be used at small businesses, and certain industries such as entertainment and gambling are excluded. The usage deadline is August 31, and any balance remaining after this date will be extinguished. Note that some kiosks or table orders may not allow payment with the support funds; therefore, it is recommended to use the card terminals provided by the store and to check usage locations and plan spending in advance.
Q. What is the purpose and effect of the Busan High Oil Damage Support Fund policy?
It aims to alleviate living cost burdens and recover sales for local small businesses, starting with priority support for vulnerable groups and expanding to 70% of the population.
This policy aims to reduce the burdens on citizens caused by high oil prices and inflation while promoting the revitalization of the local economy. The first phase will provide priority support to vulnerable groups, and the second phase will expand support to 70% of the population based on health insurance criteria. The support funds are designed to be used at local small businesses, aiming for both the stability of citizens' lives and the recovery of local commercial districts.
