Korea Minting and Security Printing Corporation Operates 'Special Task Force' for Rapid Execution of COVID-19 Supplementary Budget

Exterior view of the Korea Minting and Security Printing Corporation building located in Yuseong-gu, Daejeon. Provided by Korea Minting and Security Printing Corporation

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Korea Minting and Security Printing Corporation announced on the 18th that it will form a special task force to swiftly and efficiently execute the supplementary budget for the novel coronavirus infection (COVID-19).

The COVID-19 supplementary budget was passed by the National Assembly plenary session the day before. Accordingly, the Mint plans to expand the issuance scale of local love gift certificates (local gift certificates) from the originally planned 30 trillion won to 60 trillion won, and the Onnuri gift certificates from 2.5 trillion won to 3 trillion won.

The special task force will first support the one-stop issuance of paper-type local gift certificates by operating personnel at key points in 17 metropolitan local governments nationwide to supply them in a timely manner.

It will also enable a significant increase in the production scale of local love Onnuri gift certificates from an average of 25 million sheets per month last year to 80 million sheets starting this month.

The Mint will also assist in reducing the supply period, which used to take an average of three months from ordering to receiving gift certificates, to two months by providing a ‘one-stop total service,’ including transferring know-how for recruiting affiliated stores to local governments newly introducing and issuing local gift certificates.

In addition, support measures such as providing a ‘local gift certificate integrated management’ service to prevent illegal distribution of gift certificates will be promoted.

Cho Yong-man, President of the Mint, said, “We will mobilize all of the Mint’s capabilities to overcome the COVID-19 crisis and contribute to revitalizing the local economy.”

This content was produced with the assistance of AI translation services.