Gyeonggi-do Signs Agreement with 31 Cities and Counties and 13 Financial Companies to Distribute 'Disaster Basic Income'

[Asia Economy (Suwon) = Reporter Lee Young-gyu] On the 1st, Gyeonggi Province signed a business agreement related to the payment of the 'Gyeonggi Province Disaster Basic Income' with 31 local governments in the province, 13 financial institutions, and Kona I, the operator of the Gyeonggi local currency system.

According to the agreement, the province will allocate the disaster basic income budget to the cities and counties, establish an electronic information management system necessary for the payment and management of the disaster basic income, and prepare and implement payment operation guidelines.

The 31 cities and counties will finalize the recipients and payment amounts of the Gyeonggi Province Disaster Basic Income and allocate the payment amounts to the respective financial institutions.

The 13 credit card companies will cooperate so that residents can receive the Gyeonggi Province Disaster Basic Income using their existing credit cards, and NongHyup Bank will issue prepaid cards, deliver them to residents through each branch or city/county community service centers, and manage and operate the cards.

At the signing ceremony, Gyeonggi Province Governor Lee Jae-myung explained, "Our key policy direction during the COVID-19 crisis is to connect the broken consumption, linking a part of the economic circulation," and added, "The fact that the disaster basic income can be quickly deployed on site is thanks to the technology, know-how, networks, and experience of financial institutions."

The province previously announced that it would provide 100,000 won per person as disaster basic income to Gyeonggi residents.

For those receiving it via local currency or credit card, from the 9th to the 30th of this month, they can verify their status as Gyeonggi residents on the 'Gyeonggi Province Disaster Basic Income Homepage' and enter their local currency card or credit card information.

For prepaid cards, from the 20th of this month to July 31, residents can receive prepaid cards at 544 eup/myeon/dong administrative welfare centers and 1,042 designated NongHyup locations, and use the loaded 100,000 won at local currency affiliated stores.