Seoul: The government will initiate monthly cash handouts to residents in rural areas experiencing population decline, with the program set to begin in late February, as announced by the budget ministry on Monday. This move is part of a broader effort to address demographic challenges in the country.
According to Yonhap News Agency, the Ministry of Planning and Budget outlined that under this 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. This initiative will span from 2026 to 2027 and has completed a feasibility review. The ministry anticipates the project will incur a cost of approximately 1.27 trillion won.
In addition to the cash handouts, the government is set to implement an integrated medical, nursing, and care support initiative in rural areas starting in March. This program, managed by district governments, seeks to create a community-based integrated care system, enhancing the quality of healthcare and related services in these regions.
Since assuming office, President Lee Jae Myung has been committed to promoting balanced regional development. He has emphasized that increasing budgetary support for regions outside the capital area is a priority for his administration.