Seoul to offer welfare for lower-wage earners

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Seoul to offer welfare for lower-wage earners

The Seoul city government will offer financial support to citizens who are in the bottom of the income bracket but not able to receive money from the government due to family circumstances.

The Seoul Metropolitan Government yesterday held a press briefing at City Hall, central Seoul, and announced its welfare program.

It said it will offer 110,000-350,000 won ($95.3-$303) per month to citizens making less than 60 percent of the minimum cost of living from July to support those who weren’t able to receive the central government’s support because they have living family members, even though they are not living together or are not in touch with them. In order to receive the assistance, citizens must meet three criteria - at least six months of residency in Seoul, minimum income standards and the condition of living family members.

The city government said that citizens who currently receive a subsidy from the central government have been excluded from the program.

The city government will first offer the subsidy to 40,000 citizens making less than 60 percent of an average Seoul citizen’s minimum cost of living. For instance, a single household making less than 343,301 won per month, a family of two making less than 584,000 won, a family of three making less than 756,000 won and a family of four making less than 927,839 won are all eligible for the program.

According to a Seoul Welfare Panel Study, about 500,000 Seoul citizens are living below the minimum cost of living.

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