Seodaemun-gu Confirms 22.6 Billion Won Emergency Supplementary Budget to Overcome 'COVID-19'

390 million KRW rental support for temporarily closed small businesses, 50 million KRW for Seodaemun Black Day project, etc... 9.3 billion KRW contingency fund allocated for rapid execution upon government emergency disaster relief payment decision

[Asia Economy Reporter Jong-il Park] Seodaemun-gu (Mayor Moon Seok-jin) confirmed an emergency supplementary budget of 22.6 billion KRW on the 24th to support vulnerable groups and small business owners facing difficulties due to the prolonged COVID-19 pandemic.

The focus of this supplementary budget is on projects aimed at the "early overcoming of COVID-19."

Specifically, 3.9 billion KRW was allocated to support rent up to a maximum of 1 million KRW for small business owners who have temporarily closed for more than 30 days, and 2 billion KRW was added to the Small and Medium Business Development Fund to expand loans for micro-enterprises and small business owners.

Additionally, 1.4 billion KRW was allocated for the establishment of wireless communication networks in 40 elementary, middle, and high schools in the area to facilitate smooth online remote classes; 50 million KRW for the "Seodaemun Black Day" project in traditional markets and shopping districts, which offers discounts ranging from 10% to 80% and event promotions; and 300 million KRW as fees for the additional issuance of 10 billion KRW worth of Seodaemun Love Gift Certificates.

Furthermore, 300 million KRW was increased for emergency welfare project expenses to provide temporary living expenses support for low-income crisis households; 890 million KRW for consumption coupons for senior job participants; and 390 million KRW for job creation projects such as village bus drivers, neighborhood library teachers, and financial doctors.

In addition, 9.3 billion KRW was set aside as a reserve fund estimated as the district's burden to ensure prompt execution in case of government emergency disaster relief fund payments, and 2.4 billion KRW was reflected in projects to prevent the spread of COVID-19.

Moon Seok-jin, Mayor of Seodaemun-gu, stated, "We will focus the district's capabilities to quickly overcome the unprecedented crisis caused by COVID-19 and to revitalize residents' lives and the local economy."

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