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Summary of Recognized Income and Asset Criteria (소득인정액·재산 기준 요약, Housing Asset Deduction, etc.): How to Apply, Amount & Eligibility (2026)

Recognized income = assessed income + income-converted value of assets (housing: 1.04% monthly; general: 4.17% monthly; financial: 6.26% monthly)

This page is a translation of the Korean original and is for reference only. The official Korean guidance is the authoritative source for amounts and conditions, so be sure to confirm on the official website before applying. View Korean original (한국어)

Benefit: Assessed income = actual income minus household-specific expenses and earned income deduction (2026: youth earned income deduction expanded to ages 34 and under, additional deduction from KRW 400,000 to KRW 600,000). Basic asset amount deducted by region (Seoul KRW 99 million, Gyeonggi KRW 80 million, elsewhere KRW 53 million, etc.). Financial assets converted at 6.26% per month, vehicles at 100% per month.
Who is eligible: Information for understanding the basic livelihood security and near-poverty selection criteria (all applicant households).
When to apply: Year-round (investigated at the time of application)
How to apply: Bokjiro (복지로) simulation, consultation at the community service center (주민센터).
Important notes: Figures are as of 2026. Exact deductions and conversions are finalized during the investigation stage.
Note: Housing asset and vehicle criteria (e.g., 2,500cc) are revised every year. Conversion rate details may differ by applicant category.

Go to the official guide →

Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.

Frequently asked questions

Summary of Recognized Income and Asset Criteria (소득인정액·재산 기준 요약, Housing Asset Deduction, etc.): who can receive it?

Information for understanding the basic livelihood security and near-poverty selection criteria (all applicant households).

Summary of Recognized Income and Asset Criteria (소득인정액·재산 기준 요약, Housing Asset Deduction, etc.): how do I apply?

Bokjiro (복지로) simulation, consultation at the community service center (주민센터).

Summary of Recognized Income and Asset Criteria (소득인정액·재산 기준 요약, Housing Asset Deduction, etc.): how much will I receive?

Assessed income = actual income minus household-specific expenses and earned income deduction (2026: youth earned income deduction expanded to ages 34 and under, additional deduction from KRW 400,000 to KRW 600,000). Basic asset amount deducted by region (Seoul KRW 99 million, Gyeonggi KRW 80 million, elsewhere KRW 53 million, etc.). Financial assets converted at 6.26% per month, vehicles at 100% per month.

Summary of Recognized Income and Asset Criteria (소득인정액·재산 기준 요약, Housing Asset Deduction, etc.): when can I apply?

Year-round (investigated at the time of application)