Will all citizens receive up to 500,000 won in payments? First talks between ruling parties to watch - South Korean media

The government and the ruling party are in the final stages of negotiations to compile the second supplementary budget. The biggest concern is the "Private Livelihood Recovery Support Fund." The government plans to provide a fixed amount to all citizens, with the amount being determined by income.
According to government officials and political circles, the ruling party held the first party-government consultation under the Lee Jae-myung administration on the 18th, the day before the Cabinet meeting on the second supplementary budget, and decided to include
The two sides are expected to make detailed adjustments to the subsidy for the recovery of people's livelihoods, which will be included in the budget. Specifically, they plan to discuss the size of the subsidy, its recipients, and the method of payment.
Regarding the full budget, the government announced that "discussions are expected to take place before the Cabinet meeting on the 19th," and that "a final decision or specific proposals will be made after the Cabinet meeting."
The private livelihood recovery support grant will provide a fixed amount to all citizens, but it is expected that the amount will differ based on income.
The standard for payment is 500,000 won (approximately 52,500 yen) per person for basic living allowance recipients (equivalent to welfare assistance).
400,000 won (about 42,000 yen) per person for the top 10% of earners, the next top 10% (those with income recognition below a certain level of the minimum living expenses), and single-parent families.
A plan was considered to provide 250,000 won (US$262) to every citizen who has lost their income. The top 10% of earners would receive 100,000 to 150,000 won (US$105 to US$157).
The government is also reportedly debating whether to provide only the first-year students with the allowance, or to provide no allowance at all. The size of the supplementary budget for this is expected to reach 13 trillion won (US$13.4 billion).
The ruling Democratic Party of Korea had earlier reaffirmed its policy that subsidies to support the recovery of private lives should be provided to all citizens. The opposition parties said that a supplementary budget bill needed to be deliberated quickly, and
The Democratic Party of Korea (DPJ) has asked for cooperation in appointing a special committee chair for the financial settlement. Jin Sung-Jun, chairman of the party's policy committee, said at a meeting of the party's floor on the 17th, "We have been holding closed-door working-level discussions (with the financial authorities) so far."
"Specific matters such as the scale and method of payments to be included in the supplementary budget, such as subsidies to support the recovery of private livelihoods and local currency, are expected to be decided by the party through final deliberations," he said.
"The party's consistent position is that the private sector livelihood recovery support fund should be paid to everyone," he said, and introduced the previously proposed "plan to provide additional benefits to basic recipients and those in the next higher brackets" and "based on the principle of providing a flat-rate payment."
The sources of funds for the supplementary budget are planned to be made through "expenditure structure adjustments."
"We must minimize government bond issuance," he said, adding, "We need to make bold adjustments to the spending structure and prepare a supplementary budget."
On the 19th, the government will table the second supplementary budget bill at the Cabinet meeting and pass it, then submit the supplementary budget bill to the National Assembly.
On the 17th, Kang Hoon-sik, chief of staff to the president, met with National Assembly Speaker Woo Won-sik and asked him to "pass the supplementary budget as soon as possible and become a National Assembly and executive branch that can ease the suffering of the people."
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