Haenam-gun, 3rd Supplementary Budget for COVID-19 Response Formulated

Focusing on Economic Revitalization through Rapid Disbursement of 'Haenam-type Management Stabilization Funds'

Haenam-gun Office Building Exterior (Photo by Haenam-gun)

[Asia Economy Honam Reporting Headquarters Reporter Kim Hyun] Haenam-gun, Jeollanam-do announced on the 16th that following the second supplementary budget of 23 billion KRW last month, it has urgently prepared a third supplementary budget of 23.2 billion KRW, which includes the government’s emergency disaster relief fund payments.

This supplementary budget focuses on responding to the COVID-19 crisis and overcoming the economic recession, including 20 billion KRW for government disaster relief funds to be paid to all residents, an additional 1.205 billion KRW for Haenam-type emergency management stabilization funds for small business owners, and 1.28 billion KRW in livelihood stabilization support funds for vulnerable groups.

The county has urgently prepared the third supplementary budget in line with the government’s policy of taking extraordinary measures to revive the economy, such as providing disaster relief funds to all citizens, and plans to promptly execute disaster relief funds and other support for residents.

To this end, 18 billion KRW of the government disaster relief funds were allocated as a pre-established budget and were paid to vulnerable groups on the 4th. The county is accelerating related procedures to ensure the fastest possible payment to all residents.

Additionally, with 5.6 billion KRW of county funds, the “Haenam-type emergency management stabilization funds” are being paid to small business owners and self-employed operators in the area who have been most severely affected by COVID-19. Due to a surge in applications, an additional 1.2 billion KRW has been allocated.

In particular, 135 million KRW has been allocated to the regional employment response special support project, which provides up to 500,000 KRW per month to unpaid leave workers and freelancers at small businesses with fewer than 50 employees who are in blind spots of COVID-19 damage support. Additionally, 135 million KRW has been allocated to support cost reduction for flower farms, and 60 million KRW to support direct seafood delivery shipping costs.

County Governor Myeong Hyun-gwan stated, “We have urgently prepared the third supplementary budget, which mainly includes the payment of emergency disaster relief funds to all citizens, to stabilize the lives of residents affected by COVID-19. As the government is preparing a third supplementary budget next month, the county will also respond quickly to government policies and do its best to establish a Haenam-type economic quarantine system to proactively respond.”

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