Changwon City Allocates 72.7 Billion Won for Emergency Living Stability Support Due to COVID-19 Impact

▲On the morning of the 25th, Mayor Heo Seong-mu of Changwon City is explaining the emergency livelihood stabilization support at the Changwon City briefing room. (Photo by Changwon City Hall)

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Sharon] Changwon City, Gyeongnam Province, held a briefing on the morning of the 25th and announced that it will urgently invest a total of 72.7 billion KRW, including 50 billion KRW from the city budget, to support the 'three major affected groups' whose livelihoods are threatened by the novel coronavirus infection (COVID-19) disaster situation.

The support targets are the three major affected groups: small business owners, workers, and small and medium-sized enterprises (SMEs), with intensive support planned until December.

This emergency livelihood stabilization measure mainly selects groups that have been marginalized in various supports and whose livelihoods have become difficult. Among the total five sectors, three project areas will be promoted in matching with Gyeongnam Province.

The support details include ▲support for card fees for Nubijeon franchise small business owners ▲up to 1 million KRW payment for special-type workers ▲support projects for unemployed daily workers ▲expansion of support targets for SME development funds ▲three matching sectors with Gyeongnam Province (emergency disaster income, youth hope support fund, emergency welfare support system) support projects.

Changwon City stated, "The insufficient part of the city budget burden for promoting the emergency livelihood stabilization measures will be secured through local bond issuance," expressing its intention to prioritize citizens.

Mayor Heo Seong-mu of Changwon said, "Small and medium-sized enterprises and small business owners, who have difficulty in financing and are small in scale due to COVID-19, are going through tough days," and added, "We will continue to make efforts to prepare a safety net that allows local economic actors facing crisis to endure and to eliminate blind spots."

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