Work Encouragement Funds Payment Date Confirmed for 2024

The work encouragement fund payment date for 2024 is confirmed on June 27th.

### 2024 Labor Encouragement Fund Payment Date Confirmed for June 27th: Application Period and Payment Amount Details
* 💰 The official payment date for the 2024 Labor Encouragement Fund has been confirmed as **June 27th**, with payments to be made to those who applied from **March 1st to the 15th**, not during the regular May application period.
* 💸 The maximum payment for the Labor Encouragement Fund is **2.15 million won**, with June payments originally set at **65% of the full amount**.
* 📅 The Labor Encouragement Fund is a labor subsidy program that supports low-income workers or self-employed households, with advance applications made **annually** and biannual applications in **June and December**.
* 🏠 The maximum payment amounts vary by household type: **1.65 million won for single-person households**, **2.85 million won for welfare households**, and **3.3 million won for dual-income households**.
* ✅ Eligibility for the Labor Encouragement Fund is determined based on **total income and property ownership**, with exclusions for **non-Korean nationals, dependents of other residents, and those whose specialized professional businesses are affected**.
* 💻 The application process can be done through the mail, phone, internet, or mobile apps like **Home Tax** or **Son Tax**.
* 🏦 The government plans to provide cash payments to **5.58 million households**, so eligible applicants should not miss the **application deadline**.

Hello, everyone. This is welfare advocate Kim, who is here to help you. Here is the latest breaking news. Today, the final date for the payment of work encouragement funds has been confirmed at last. The official announcement was made today, and I am here to inform you all before anyone else. Now, let me tell you the exact details. The payment date for the work encouragement funds in 2024 has been officially confirmed for June 27th. I even called the tax office myself to confirm if June 27th is correct, and indeed, the payment date has been confirmed as June 27th on the National Tax Service website. The work encouragement funds to be paid this time will be for those who applied for the second half of the year from March 1st to the 15th, not those who applied in May during the regular application period. Those who applied during this period will receive the payment on June 27th. I know many of you have been eagerly awaiting this. For those who applied in March, please make sure to check the payment date and amount on the National Tax Service website.

The donations paid in June are originally paid at 65% of the original amount. Therefore, a maximum payment of 2.15 million won is made. Please also check the amount of government support, the labor encouragement fund payment amount for the second half of 2024, which is scheduled to be paid on June 27. If this video was helpful, please press like just once. I hope you have a great day full of blessings today. If there are people who do not know about the labor encouragement fund, I will explain the qualifications, application conditions, payment amount, and application method from now on, so please keep watching. Before watching, please subscribe and like. By subscribing and liking, you can receive better information more quickly. Please make sure to subscribe and like. Let's get started. So, what is the labor encouragement fund?

However, by providing up to 3.3 million won of labor subsidy to low-income workers or self-employed households facing difficulties, the Labor-Cost Linkage Income Support System encourages work and supports real income. The labor subsidy is divided into advance application and biannual application. To explain simply, the advance application for labor subsidy is applied once a year, usually applied in the month before Chuseok, and the biannual application is applied twice a year in June and December. Here is an important point: wage earners can choose between regular and biannual applications, but for business income earners, only application is possible. Please remember this point and refer to it. Additionally, there is an important point regarding application deadlines. For those who missed the advance application period in May, they can apply after the deadline from June to the end of November, but only 95% of the payment will be made.

I will now inform you about the amount of labor support payment according to the type of household. The labor support payment amounts are as follows: for a single-person household, the maximum amount is 1.65 million won, for a welfare household, it is 2.85 million won, and for a dual-income household, the maximum is 3.3 million won. Next, I will explain who is eligible to apply for the labor support payment. As for the 204 labor support payment applicants, only one person per household can receive it. The households are divided into single-person households, welfare households, and dual-income households. A single-person household refers to a household without a spouse, dependent children, or direct ancestors over 70 years old. A welfare household is one with a total income of less than 3 million won, including a spouse, dependent children, or direct ancestors over 70 years old. A dual-income household is one with a total income of 3 million won or more, including both the applicant and the spouse having a total income of 3 million won or more each. Also, the total income requirements must be met.

The total income amount for the Busan Kuro household should be below the total income standard amount set according to the number of household members. For single-person households, it should be less than 22 million won, for four-person households, less than 32 million won, and for dual-income households, it should be below 38 million won. Property requirements are also considered. As of June 1, 2024, the total value of all properties owned by all household members currently residing is less than 240 million won. Property ownership includes land, buildings, passenger cars, financial assets, housing lease deposits, oil stocks, golf club memberships, etc., without deducting debts. Please note that the child encouragement grant, as mentioned earlier, excludes those with a total income below 70 million won, except for the remaining eligibility criteria, which are the same as for the labor encouragement grant. Also, there are exclusions for labor encouragement grant applications. You cannot apply for the labor encouragement grant if you fall under any of the following categories. Apply.

Excluded are individuals who do not hold South Korean nationality, dependents of other residents, and residents whose specialized professional business is affected. They are excluded from the application. The calculation method for the Labor Subsidy Payment is as follows: for single households, the calculation method varies depending on the total amount. First, for single households with a total income of less than 4 million won, multiply the total amount by 16 divided by 400 to determine the payment amount. For total incomes ranging from over 4 million won to less than 9 million won, 165,000 won is paid. For total incomes ranging from over 9 million won to less than 22 million won, subtract 165,000 won, then multiply by 1300 and divide by 165 after deducting the total income except for 9 million won in parentheses. For households with dependents, the calculation method for the payment amount is as follows: if the total income is less than 7 million won, multiply the total income, etc. by

When you divide 7 by 28, you can find out the payment amount. If the total amount is over 7 million won and less than 14 million won, a payment of 285,000 won is made. Moreover, if the total amount is over 14 million won and less than 32 million won, the calculation method is to subtract 285,000 won, then multiply by 1,800 divided by 285. This will give you the payment amount. Now, here is the calculation method for dual-income household payments. If the total amount is less than 8 million won, the calculation method is to multiply 900 by 800 divided by 330, which will give you the payment amount. For a total salary amount ranging from over 8 million won to less than 17 million won, a payment of 330,000 won is made. Furthermore, if the total salary amount is over 17 million won and less than 38 million won, the calculation method is to subtract 330,000 won, then multiply by 21 divided by 330 to find out the payment amount. Next, here is the method for applying for employment insurance benefits. Apply.

Here's how you can do it: there are cases where you receive an application guide and cases where you don't. If you have received the application guide, you can easily apply using the individual authentication number on the mail via ARS phone call. Alternatively, you can apply through the internet or mobile app, such as Home Tax or Son Tax. If you choose to apply through the internet Home Tax or the app, after running the NTS Home Tax app, apply for the child benefit in writing, enter the resident registration number, followed by the birthdate, and individual authentication number, confirm your contact information and account number, then your application will be completed. The government will provide cash payments to 5.58 million households, so don't miss out, and those who are eligible must apply. Thank you for watching today. I hope June is always full of luck and filled with good things. Thank you for watching, may you be filled with only good things and receive many blessings.

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(긴급)6월 27일 최종확정! 근로장려금 이제 진짜 줍니다"!! 지급일정, 지급금액 공개 #2024근로장려금지급일, #최종확정

안녕하세요 
복지 수호신 김신 입니다.

우리나라에 복지 혜택 과 복지제도가 참 많은데,
본인이 아는 복지제도는 없고, 정부에서  지원해주고 받을 수 있는 제도가 있는데도,
신청하는 방법도 모르고, 자신에게 맞는 복지가 없을까봐 정보를 알아보지도 않고 못 받는 국민들이 참 많이  있습니다. 
안타깝죠 정말
그래서 제가 영상으로 여러분에게 다가갑니다.
정확하고 빠르고 신속하게 알려드립니다
생활고에 시달리는 기초생활수급자, 젊은부부나 사회초년생, 취준생, 가정주부 ,저소득가구,  자녀가있는부모,신혼부부, 실업자, 근로자,노인,수급자 중년층 분들에게 
생활에 필요한 복지에 관한 모든것을 알려드립니다
저 복지수호신 전략의신 김신이
여러분에게 도움이되는 정보를 알려드립니다 
자!! 
영상 구독 구독 좋아요 마니마니 눌러주시면
 성은히 만극 하옵나이다
여러분에게 지식과 풍요•행복과 웃음을 주는 수호신이  되보이겠습니다.
꼭 구독좀 눌로주십시요^-^ 감사합니다.

복지수호신 김신

Confirmed Date for 2024 Work Encouragement Fund Payment

The payment date for the second half of 2024 work encouragement funds has been officially confirmed for June 27th.

The funds will be for those who applied from March 1st to the 15th, with a maximum payment of 2.

15 million won at 65% of the original amount.

The payment details can be checked on the National Tax Service website.

The Labor-Cost Linkage Income Support System in South Korea

3 million won of labor subsidy to low-income workers and self-employed households.

The subsidy has advance and biannual applications, with different options for wage earners and business income earners.

Missed advance application deadlines result in a 5% reduction in payment.

The support payment amounts vary based on household type, with eligibility for single-person, welfare, and dual-income households based on specific income criteria.

Eligibility and Calculation for Household Grants in Busan Kuro

The total income for the Busan Kuro household must not exceed set amounts based on the number of members.

Property value for all household members should be below 240 million won.

The Labor Subsidy Payment calculation varies based on total income, with different methods for single and multi-member households, determining the payment amount.

Payment Calculation Methods for Different Income Ranges

When the total amount is between 7-14 million won, a payment of 285,000 won is made.

For total amounts between 14-32 million won, the payment is calculated by subtracting 285,000 won and then multiplying by 1,800 divided by 285.

In the case of a dual-income household with a total amount less than 8 million won, the payment is calculated by multiplying 900 by 800 divided by 330.

For total amounts between 8-17 million won, a payment of 330,000 won is made, and for amounts between 17-38 million won, the payment is calculated by subtracting 330,000 won and then multiplying by 21 divided by 330.

Note: The process for applying for employment insurance benefits was also mentioned, including the options for application and the required steps.

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