Gyeonggi to give emergency basic income of 100,000 won to all Korean residents to cope with virus fallout

Gyeonggi to give emergency basic income of 100,000 won to all Korean residents to cope with virus fallout

Gyeonggi Governor Lee Jae-myung / Yonhap Gyeonggi Province, which surrounds Seoul, announced Tuesday it will pay 100,000 won (US$79.85) per person to all its residents in April to cope with the economic impact of the coronavirus outbreak.

Gyeonggi will be the first local government in South Korea to provide universal "anti-disaster basic income," while a handful of other municipal entities have recently promised payments to select low-income citizens.

"To tackle current difficulties with which we cannot procrastinate any longer, we have decided to mobilize all financial resources available and provide 100,000 won per person in Gyeonggi-style anti-disaster basic income," Gov. Lee […]

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