Yeonggwang-gun Launches Effort to Revive Livelihood Economy with 26.7 Billion Won Investment

[Asia Economy Honam Reporting Headquarters Reporter Jeon Seong] Yeonggwang-gun, Jeollanam-do (Governor Kim Junsung) announced on the 7th that it will provide emergency support of approximately 26.7 billion KRW (tentative estimate) to small business owners and low-income vulnerable groups struggling due to COVID-19 to revive the local economy.

Incomes in the bottom 70% based on last month's health insurance premiums will receive government emergency disaster relief funds ranging from 400,000 KRW to 1,000,000 KRW, and households with incomes below 100% of the median income (9,882 households) will receive Jeonnam-type COVID-19 emergency living expenses of 300,000 KRW to 500,000 KRW per household.

Basic livelihood security recipients and near-poverty households will receive livelihood, medical benefits, and housing/welfare benefits in Yeonggwang Love Gift Certificates according to payment criteria.

Children under the age of 7 (2,586 children) will receive a child voucher of 400,000 KRW per person, and low-income workers on unpaid leave for more than 5 days since February 23 of this year (including special-type workers and freelancers) will receive special support of up to 500,000 KRW per month for two months to stabilize jobs.

Fifty-one taxi workers will receive 500,000 KRW as living stabilization funds, and about 2,680 small business owners will receive 300,000 KRW for public utility charges, both paid in Yeonggwang Love Gift Certificates.

The county has extended the 10% special incentive for the Yeonggwang Love Card, which was limited to last month, until June and will support a 0.5% commission fee for 1,782 Yeonggwang Love Gift Certificate affiliated stores; applications for the first half of the year can be submitted by the end of next month.

To stabilize small business management urgently, interest support within 2% for one year will be provided, and for general restaurants, 50% of the cost of installing standing tables will be supported up to a maximum of 3 million KRW, among other efforts to improve small business management.

Additionally, the originally scheduled public interest allowance for farmers and fishermen, planned for next month and October, will be split and paid as 600,000 KRW per household on the Yeonggwang Love Card this month and next month.

Various projects will also be implemented, including a 50% reduction in agricultural machinery rental fees until the end of July, up to a 50% reduction in property tax on buildings for benevolent landlords, and an extension of the payment deadline for the first half of the environmental improvement charge until the end of June.

Governor Kim Junsung said, “I deeply empathize with the urgent need for emergency support to resolve the management difficulties of small business owners caused by the prolonged COVID-19 and the stabilization of the livelihoods of low-income groups in welfare blind spots due to the contraction of the local economy,” adding, “We will do our best to stabilize the local economy by mobilizing all administrative power to ensure that support funds are paid as quickly as possible.”

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