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2 clusters · 7 sources · 6 days · First seen 17 days ago · Last updated 12 days ago

South Korean local basic income programs

Overview

South Korea is implementing various basic income pilot programs at the local and provincial levels to stabilize resident income and stimulate regional economies.

In late August 2026, seven additional rural counties, including Gurye, Boseong, and Boeun, began monthly basic income payments overseen by the Ministry of Agriculture, Food and Rural Affairs. Participants receive between 150,000 and 200,000 KRW per month in local gift certificates. Previous iterations of this rural program have reportedly stimulated local economies by encouraging the opening of new businesses and contributing to population increases in certain areas.

Concurrently, Gyeonggi Province is managing a Youth Basic Income program. Starting September 1, 2026, the province is accepting applications for the third quarter, providing 250,000 KRW per quarter in local currency to eligible 24-year-old residents. This program requires specific residency durations and utilizes local currency merchants to support regional commerce.

Entities

Yongin City · Boeun · Gyeonggi Province · Boseong · Cheongsong

Timeline

12 days ago

[BUSINESS] 2 sources
Gyeonggi Province opens applications for Youth Basic Income
Gyeonggi Province begins accepting applications on September 1 for its Youth Basic Income program, offering 250,000 KRW quarterly to eligible 24-year-old residents in local currency.
17 days ago

[BUSINESS] 5 sources
South Korean rural counties to begin monthly basic income payments
Seven South Korean counties will begin monthly rural basic income payments on August 28, providing up to 200,000 KRW to residents to stimulate local economies and support population stability.

Sources

bjynews.com · idomin.com · kyeonggi.com · localsegye.co.kr · m.sportalkorea.com · mbn.mk.co.kr · namdonews.com