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2022 Supplementary Budget Passed
KRW 16.9 Trillion to Support Small Businesses, Vulnerable Groups and Disease Control
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KRW 16.9 trillion
- 01. Support Small Businesses and Vulnerable Groups KRW 13.5 trillion
- ¨ç Support small businesses
- ¨è Support vulnerable groups and blined sports
- 02. Support Disease Control KRW 2.8 trillion
- ¨ç Expand the number of hospital beds for critically-ill patients
- ¨è Purchase additional the rapeutic treatments
- ¨é Increase financial support and paid-leave expenses for patients with at-home treatments
- ¨ê Provide Covid-19 self-testing kits to the vulnerable groups
- ¨ë Support disease control healthcare workers
- 03. Secure Reserve Funds KRW 0.6 trillion
- Secure reserve funds for rapid and timely responses to possible abrupt events due to the spreading of Omicron variant
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Support Small Businesses and Vulnerable Groups KRW 13.5 trillion
¨ç Support small businesses [KRW 12.8 trillion]
- - 2nd Relief payment [KRW 10 trillion]
- Target : 3.32 million small and micro businesses
- Criteria : Businesses opened before December 15, 2021 and have lost revenue
- Amount : KRW 3 million per business
- Application procedure : Upon receipt of a mobile message ¡æ Make an online application[Feb]
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- - Compensate loss for small businesses [+KRW 2.8 trillion]
- Target : Around 900,000 smal and micro businesses those lost revenue by strengthened disease control and social distancing
- Amount : Proportional to the level of business damage caused by restrictions
- Application procedure : Choose between simplified compensation process using previous data(online) or submit new date(online and offline)
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¨è Support vulnerable groups [KRW 0.7 trillion]
- - Emergency employment support for dependent self-employed workers and freelancers
- Target : Around 0.68 million afterschool teachers, artists and performers, designated drivers, etc.
- Amount : Previous recipients KRW 0.5 million without further verification, New recipients KRW 1 million with verification on loss of income
- - Support for care workers
- Provide KRW 200,000 temporary allowance per person for 368,000 care workers, etc.
- Increase the vouvher price of personal assistance service for the disabled to prevent the care deficit caused by Covid-19 infection of the disabled
- Support expenses for family care leave
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¨è Support vulnerable groups [KRW 0.7 trillion]
- - Income stabilization support to corporate-owned taxi and bus drivers
- Provide KRW 1 million per person for around 162,000 corporate-owned taxi and chartered bus drivers
- - Customized support for culture and art industry
- Provide KRW 1 million per person to support creative activities of around 40,000 low-income artists and performers [KRW 40.7 billion]
- Recruit staff to supervise the compliance with Covid-19 guidelines at 512 small concert halls [KRW 5.5 billion] and tourist attractions [KRW 39.6 billion]
- Support around 1,000 workers producing broadcasting content [KRW 11 billion] and another 1,000 workers producing and distributing films [KRW 11 billion]
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Support Disease Control KRW 2.8 trillion
- - Secure hospital beds up to 25,000
- Expand number of hospital beds for critically-ill patients (14,000¡æ25,000)
- - Purchase additional therapeutic treatments
- Secure oral antiviral to treat 1 million Secure intravenous therapy to treat 0.16 million
- - Provide allowance, paid-leave expenses
- Expand financing for allowance, paid-leave expenses with recent surge of Omicron variant
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Support Disease Control KRW 2.8 trillion
- - Provide Covid-19 self-testing kits
- Covid-19 self-testing kits to 6 million for 2 months (4/month)
- Secure testing-kits at designated medical facilities (Make available to conduct 1 million monthly rapid antigen test)
- - Support Healthcare Workers
- Expand infection control compensation for healthcare workers and activity allowance for workers on designated testing sites to September 2022.
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The Korean government will make utmost efforts to swiftly roll out major support measures including relief payment, loss compensation, emergency employment support in acknowledgement of the difficulties inn the frontline.
2022 Supplementary Budget Passed
