Overview

• By July 22 midday, 4.15 million residents—8.21 percent of eligible recipients—had applied for the first-round 150,000 won base payment.
• The government distributed 754.5 billion won in coupons that expire on November 30 and cannot be used at large supermarkets, department stores, duty-free shops, online malls or gambling businesses.
• Overloaded online portals experienced crashes, leading to birth-year scheduling and extended offline hours at community centers to manage demand.
• Participants receive a universal 150,000 won allotment with additional top-ups of up to 400,000 won for near-poverty, single-parent and basic living allowance households and extra bonuses for regional communities.
• The 14 trillion won stimulus is backed by a 31.8 trillion supplementary budget funded 90 percent by the central government, pushing projected national debt close to 50 percent of GDP.