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Korea Herald
07-07-2025
- Business
- Korea Herald
Who gets Korea's cash handouts? Rules for foreign residents explained
If you're a permanent resident covered by the national health insurance system, check the detailed criteria — you may be eligible for at least 150,000 won Foreign residents living with Korean nationals may be eligible for South Korea's new cash handout program, which aims to revive consumer spending and bolster household income starting July 21. Backed by a supplementary budget of 31.8 trillion won ($23.3 billion), the program offers a one-time payment of at least 150,000 won (about $110) to all Koreans residing in the country as of June 18. "The purpose of the 'consumption coupons' is to stimulate sluggish spending, revitalize the local economy, and support Korean incomes. Therefore, in principle, foreigners are excluded,' Vice Interior Minister Kim Min-jae said at a briefing on Saturday. Still, he noted that some exceptions apply. Foreign nationals may qualify if they are listed on the same household registration as at least one Korean and are enrolled in the national health insurance system, either as a subscriber or dependent, or if they receive medical aid. They may also apply if they are permanent residents with an F-5 visa, marriage migrants with an F-6 visa, or recognized refugees with an F-2-4 visa and are covered by national health insurance or medical aid. Korean citizens who have been staying abroad can also receive the payment if they return to Korea between June 18 and Sept. 12 and verify their entry records. A second rollout of the subsidy program is planned for September, with 90 percent of all Koreans eligible to receive a fixed payment of 100,000 won. Eligibility will be determined based on income and asset levels. For foreign nationals and refugees, the same criteria apply as in the first program. And if you live outside the greater Seoul area or in designated regions facing rapid population decline, you will receive an additional 30,000 or 50,000 won. The coupons can be used at small local businesses with annual revenue under 3 billion won, including traditional markets, neighborhood supermarkets, restaurants, barbershops and beauty salons. They cannot be used at major discount chains, department stores, duty-free shops, or directly operated franchise outlets. Applications and distribution will continue for eight weeks through September 12. Payments will be issued via credit or debit cards, prepaid cards, or local government-issued gift certificates. The money can be used until Nov. 30. Any unused balance after that date will be returned to the government. ssh@
Korea Herald
06-07-2025
- Business
- Korea Herald
Who gets Korea's cash handout? Rules for foreign residents explained
If you're a permanent resident covered by the national health insurance system, check the detailed criteria — you may be eligible for at least 150,000 won Foreign residents living with Korean nationals may be eligible for South Korea's new cash handout program, which aims to revive consumer spending and bolster household income starting July 21. Backed by a supplementary budget of 31.8 trillion won ($23.3 billion), the program offers a one-time payment of at least 150,000 won (about $110) to all Koreans residing in the country as of June 18. "The purpose of the 'consumption coupons' is to stimulate sluggish spending, revitalize the local economy, and support Korean incomes. Therefore, in principle, foreigners are excluded,' Vice Interior Minister Kim Min-jae said at a briefing on Saturday. Still, he noted that some exceptions apply. Foreign nationals may qualify if they are listed on the same household registration as at least one Korean and are enrolled in the national health insurance system, either as a subscriber or dependent, or if they receive medical aid. They may also apply if they are permanent residents with an F-5 visa, marriage migrants with an F-6 visa, or recognized refugees with an F-2-4 visa and are covered by national health insurance or medical aid. Korean citizens who have been staying abroad can also receive the payment if they return to Korea between June 18 and Sept. 12 and verify their entry records. A second rollout of the subsidy program is planned for September, with 90 percent of all Koreans eligible to receive a fixed payment of 100,000 won. Eligibility will be determined based on income and asset levels. For foreign nationals and refugees, the same criteria apply as in the first program. And if you live outside the greater Seoul area or in designated regions facing rapid population decline, you will receive an additional 30,000 or 50,000 won. The coupons can be used at small local businesses with annual revenue under 3 billion won, including traditional markets, neighborhood supermarkets, restaurants, barbershops and beauty salons. They cannot be used at major discount chains, department stores, duty-free shops, or directly operated franchise outlets. Applications and distribution will continue for eight weeks through September 12. Payments will be issued via credit or debit cards, prepaid cards, or local government-issued gift certificates. The money can be used until Nov. 30. Any unused balance after that date will be returned to the government.
04-07-2025
- Politics
After decades of service, Taiwan retires its last F-5 fighter jets
After decades in service, Taiwan's Vietnam-era F-5 fighter jets are being retired as part of the island democracy's transition to more advanced hardware HUALIEN, Taiwan -- After decades in service, Taiwan's Vietnam-era F-5 fighter jets are being retired as part of the island democracy's transition to more advanced hardware. To keep pace with increased threats from mainland China, Taiwan has been upgrading both its manned and unmanned aerial assets, including purchasing 66 of the latest generation F-16V fighters and upgrading existing aircraft to modern specifications. China claims the island as its own territory and has never dropped its threat to invade since the sides split amid civil war in 1949. The air force invited journalists on Friday to witness one last flyby by the F-5, which first entered service with Taiwan in 1965 and most of which have now been converted to trainers, reconnaissance planes or decoys. The planes began moving into a backing role 30 years ago when Taiwan began acquiring more modern American F-16s, French Mirage 2000s and domestically developed Ching Kuos. The F-5 is one of the world's most widely produced jets, with Taiwan the largest operator at one point with 336, producing some 100 domestically. Dozens of countries still use them, including the U.S., which uses them as pretend opponents in training exercises. The planes gained favor for their high speed and maneuverability, alongside their low cost and ease of maintenance. For Taiwan, they guarded the skies above the Taiwan Strait against mainland China's Soviet and domestically built fighters. Taiwan's F-5s were based along the eastern coast, separated from China by both the 160 kilometer (100 mile)-wide Taiwan Strait and Taiwan's formidable Central Mountain Range.
Time of India
04-07-2025
- Politics
- Time of India
Taiwan retires final batch of F-5 fighter jets after nearly 60 years in service
Taiwan is retiring its Vietnam-era F-5 fighter jets after decades of service, transitioning to more advanced aircraft to counter increasing threats from China. The air force showcased a final flyby of the F-5, which played a crucial role in guarding the Taiwan Strait. These jets are being replaced by modern F-16Vs and other upgraded assets. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads After decades in service, Taiwan's Vietnam-era F-5 fighter jets are being retired as part of the island democracy's transition to more advanced keep pace with increased threats from mainland China, Taiwan has been upgrading both its manned and unmanned aerial assets, including purchasing 66 of the latest generation F-16V fighters and upgrading existing aircraft to modern claims the island as its own territory and has never dropped its threat to invade since the sides split amid civil war in air force invited journalists on Friday to witness one last flyby by the F-5, which first entered service with Taiwan in 1965 and most of which have now been converted to trainers, reconnaissance planes or planes began moving into a backing role 30 years ago when Taiwan began acquiring more modern American F-16s, French Mirage 2000s and domestically developed Ching F-5 is one of the world's most widely produced jets, with Taiwan the largest operator at one point with 336, producing some 100 domestically. Dozens of countries still use them, including the US, which uses them as pretend opponents in training planes gained favour for their high speed and maneuverability, alongside their low cost and ease of maintenance. For Taiwan, they guarded the skies above the Taiwan Strait against mainland China's Soviet and domestically built F-5s were based along the eastern coast, separated from China by both the 160 kilometre (100 mile)-wide Taiwan Strait and Taiwan's formidable Central Mountain Range.
Toronto Star
04-07-2025
- Business
- Toronto Star
After decades of service, Taiwan retires its last F-5 fighter jets
HUALIEN, Taiwan (AP) — After decades in service, Taiwan's Vietnam-era F-5 fighter jets are being retired as part of the island democracy's transition to more advanced hardware. To keep pace with increased threats from mainland China, Taiwan has been upgrading both its manned and unmanned aerial assets, including purchasing 66 of the latest generation F-16V fighters and upgrading existing aircraft to modern specifications.
