SEOUL, Dec. 14 (Korea Bizwire) — A child benefit of 100,000 won (US$88.53) will be paid to families for each child below the age of seven every month starting next September, regardless of their enrollment status at school.
The Health and Welfare Committee at the National Assembly passed a bill amending the Child Benefit Act on Thursday.
The revision includes expanding the scope of the payment of child allowances from 72 months (under 6 years of age) to 84 months (under 7 years of age) from September of next year.
The government also deleted the condition that recipients have to be ‘those who are not yet enrolled in an elementary school,’ so that every child under the age of 7, regardless of their enrollment status, can receive child benefits.
Currently, child benefits are being paid to children living in households in the lower 90 percent income tier.
Once the revision takes effect, child benefits will be given to all children under 6 years old regardless of their household income starting in January.
“The amendment will contribute to our universal welfare system,” said Park Neung-hoo, Minister of Health and Welfare.
H. M. Kang (email@example.com)