EconomyMay 18, 2026, 8:23 AM

South Korea Launches Second Round of Cash Support for Citizens Amid Middle East Crisis

Axios (Tổng hợp từ english.kyodonews.net)

South Korea starts accepting applications on Monday for a second cash support package targeting the poorest 70% of households. The program aims to mitigate financial strain from rising fuel costs due to the Middle East crisis. Payments will be made directly to bank accounts, with authorities prepared to expand measures if needed.

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The South Korean government officially launched the second round of its cash support program on May 11, 2026, covering the lowest 70% of households nationwide. The initiative comes as the Middle East crisis drives up fuel prices, increasing living costs for citizens.

Eligible households can apply for the cash payment through the online system and local reception points. Under the plan, the support will be directly transferred to recipients' bank accounts to help cover additional expenses.

This marks the second time South Korea has implemented a broad cash support policy in recent months, following the first round earlier this year. The government said it will continue to monitor market developments and is ready to adjust support measures if the situation worsens.

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