▲ The Ministry of Planning and Budget (Yonhap)

rural areas-cash handouts

Gov't to begin monthly cash handouts in rural areas facing population decline

SEOUL, Jan. 26 (Yonhap) -- The government will begin providing monthly cash handouts to residents of rural areas facing population decline starting in late February, the budget ministry said Monday.

Under the pilot program, residents of designated farming and fishing communities at risk of depopulation will each receive 150,000 won (US$104) per month in local vouchers from 2026 to 2027, according to the Ministry of Planning and Budget.

The project, which has completed a feasibility review, is expected to cost about 1.27 trillion won, the ministry said.

Separately, the government will roll out an integrated medical, nursing and care support initiative in rural areas beginning in March. The program, led by district governments, aims to establish a community-based integrated care system.

Since taking office, President Lee Jae Myung has pledged to promote balanced regional development, saying the government will increase budgetary support for regions outside the capital area.

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