1. Support Business
Introduction
To relieve the suffering of low-income families caused by automobile accidents, the Act of Compensation for Damage by Automobile Accidents was enacted on February 5, 1999, and the support program began in 2000 to help the children of automobile accident victims grow into sound social members and support the seriously disabled persons and their families to maintain their lifestyle and rehabilitation.
Contents
Application Procedures
- Fill out the application form distributed by KOTSA and submit it to KOTSA along with documents proving that the applicant or applicant's family member was in an automobile accident and their living conditions (Application is available by mail).
- Qualified applicants are chosen after a property investigation and grants will be transferred to the selected applicant's account every month starting the following month.
Finances
- The share of the compensation program comes from the amount that covers 1% of the reliable insurance premium, which is a mandatory insurance for automobile owners. The amount, which is within 48% of such a share, as designated by the ministry of construction and transportation, is used as finances to support the victim's family (Item 3, Article 23 of the Enforcement Ordinance of the Act of Compensation for Damage by Car Accident)
Performance
Finances for 2010 (grants): 56.2 billion won
- The support program for victim's families(80%): 47.2 billion won
- Building a rehabilitation center (20%): 9 billion won (Raised funds in 2009: 6.3 billion won)
The support program for the families of victims in 2007
| Classification | Beneficiary | Budget | Remark |
|---|---|---|---|
| Classificatio | 7,110 | 17,064 | |
| Living cost loan | 6,440 | 15,456 | - Repayment within 20 years |
| Scholarship | 5,680 | 5,188 | - Excellent students and students with special talents |
| Dependent Family grants | 1,452 | 3,485 | |
| Self-Reliance Matching Grants | 3,132 | 1,127 | |
| Total | 23,814 | 42,320 |
2. Building a rehabilitation center for people who have been disabled in an automobile accident
Introduction
A rehabilitation center will be built to support people who have been disabled in an automobile accident to facilitate their successful return to society by providing medical and vocational rehabilitation services.
Contents
Total construction costs: 105.1 billion won
- Land 30 billion (9,491 pyeong), Building 55.3 billion (9,000 pyong), Equipments 12.9 billion, Preparation for opening 6.9 billion won
Finances: Accumulate 20% of the grants of the compensation program for damage by automobile accidents (About 9.8 billion won as of 2007)
Performance
- The Act of Compensation for damage by Automobile Accidents was modified: January 26, 2002 (grounds of building and operation):
- The 2nd research service to establish a construction and operation plan: February 2004 ～ January 2005
- The Act of Compensation for damage by Automobile Accidents was modified and declared: December 28, 2006>
Further Plans
- Subordinate laws and regulations and established rules of the Ministry of Construction will be modified during the early first half of 2007
- An operating consultation committee for the rehabilitation center will be organized and administrators will be appointed
- KOTSA will proceed with the construction tasks including purchasing the land and placing orders for design and construction.
