Second Round of High Oil Price Relief Payments Begins on May 18

The Ministry of the Interior and Safety announced on May 17 that the second round of high oil price relief payments will begin at 9 a.m. on May 18, available through both online and offline applications. During the first week of applications, a system based on the last digit of birth years will be implemented to manage the flow of applicants.
The second round of payments will target 70% of the population, with amounts varying by region: 100,000 won in the metropolitan area, 150,000 won in non-metropolitan areas, 200,000 won in designated areas with population decline, and 250,000 won in special support regions for population decline.
Additionally, individuals who missed the first application period (April 27 to May 8) will have the opportunity to apply during this second round.
Applications for the second round will be accepted from May 18 at 9 a.m. until July 3 at 6 p.m., allowing for approximately seven weeks of online or offline submissions. Recipients can choose to receive their payments via credit or debit cards, prepaid cards, or local love gift certificates.
Online applications will be available 24 hours a day during the application period, while offline applications will be accepted on weekdays from 9 a.m. to 6 p.m. (4 p.m. for bank branches).
To prevent congestion and system overload during the first week of applications, the birth year-based system will be in effect for both online and offline applications, with the possibility of extending this system based on local conditions.
Citizens wishing to receive payments via credit or debit cards can conveniently apply online through their card issuer's website, app, or call center, without being restricted by time or location. They can also apply offline at bank branches linked to their cards.
Those who prefer mobile or card-type local love gift certificates can apply online through their local government's app or website.
For individuals seeking paper local love gift certificates or prepaid cards, they can visit their local administrative welfare center (or community service center) with an ID to apply and receive their high oil price relief payments.   The high oil price relief payments can be used for approximately three months, until August 31, after which any remaining balance will expire. Residents of special cities and metropolitan areas (including Sejong and Jeju) can use the payments within those areas, while residents of provincial regions can use them in their respective cities or counties.
Recipients who receive payments through local love gift certificates can use them at participating merchants with annual sales of 3 billion won or less.
Those receiving payments via credit or debit cards or prepaid cards can use them at small businesses with annual sales of 3 billion won or less, excluding certain sectors such as entertainment and gambling. Gas stations are included, allowing the use of relief funds regardless of sales volume.
Minister of the Interior and Safety Yoon Ho-jung expressed hope that the high oil price relief payments will alleviate the burdens on citizens and invigorate local economies. He urged everyone to apply for the payments by July 3 and to remember to use them by August 31.



* This article has been translated by AI.

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