The Department of Agriculture, Food, and Rural Development stated on the 20th that it will begin receiving applications from April 20 until May 7 to identify more regions for the rural basic income pilot program, with final decisions anticipated by mid-May.
The pilot initiative for a basic income in rural regions is a policy implemented in counties (gun) located in areas with significant threats of population decline, designed to tackle the issue of rural abandonment and growing regional inequalities.
This initial offering focuses on all 59 counties classified as areas experiencing population decline, with the exception of the 10 counties already involved in the trial. Among the budget, around five counties will be chosen as further project locations.
The assessment will follow the same processes and metrics as the prior initial public offering, but will incorporate additional standards for financial capability and dedication to guarantee timely implementation, according to the Ministry of Agriculture, Food and Rural Affairs. More details regarding the public offering are available on the Ministry’s website (www.mafra.go.kr).
The counties that are additionally chosen will provide 150,000 Korean won in local gift certificates per person each month to residents who are registered and reside there, beginning in July 2026. The overall project cost for the 2026–2027 trial period is expected to be around 1.7057 trillion won, with financing divided as 40% from the national budget, 30% from the provincial budget, and 30% from the county budget.
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