The National Assembly will convene a plenary session on Wednesday to pass the government's second extra budget bill drawn up to finance its coronavirus relief payments.

The National Assembly’s Special Committee on Budget and Accounts plans to hold a full session earlier in the day to draft a revised motion of the budget bill so that the relief payments will go to all South Korean citizens. 

The session may run longer than scheduled as the main opposition United Future Party is demanding the government reduce the size of state bonds it will issue for the payouts, citing concerns over financial soundness.  

The committee will review the budget in a way that adds four-point-six trillion won to the government's initial seven-point-six trillion won plan. 

The relief payouts will be given to every citizen, but the amount will depend on the members of each household. Once the budget bill is passed, one million won will be given to a household with four or more members before May 15.