Daejeon City Simultaneously Implements Disaster Relief Fund for 'Consumption and Sharing'

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City is simultaneously promoting consumption and sharing through the government’s emergency disaster relief fund. The core idea is to boost purchasing power in the local market with the relief fund and share it with vulnerable groups, creating a win-win effect.

On the 20th, the city announced that Mayor Heo Tae-jeong, heads of local economic and social organizations, and about 30 heads of city-affiliated institutions held a ‘Government Emergency Disaster Relief Fund Donation Event’ at Daejeon City Hall.

After the event, each organization and institution will purchase products produced or sold by small business owners using the relief fund and donate them to local welfare facilities, thereby simultaneously revitalizing the local economy and supporting vulnerable groups.

In principle, if recipients do not use the relief fund and instead donate it, the amount is deposited into the Employment Insurance Fund to be used as resources for those affected by COVID-19 and the unemployed.

However, this has the drawback of slower transmission effects within the local community, which differs from the original purpose of the relief fund to quickly inject vitality into the economy depressed by COVID-19.

Accordingly, the city plans to maximize the effect of the relief fund by matching welfare facilities on a one-to-one basis with city offices and bureaus, public corporations and enterprises, invested and funded institutions, economic organizations, and civic and social groups.

On this day, Jeong Hae-gyo, Director of the City’s Autonomy and Decentralization Bureau, purchased daily necessities worth about 1 million won including rice, meat, and ramen at a local traditional market using the relief fund and delivered them to Hyogwangwon, a youth treatment and protection facility located in Sannae-dong, Dong-gu.

In this way, city offices, bureaus, and affiliated institutions plan to purchase locally produced or sold products and donate them to matched welfare facilities by the 29th.

Mayor Heo Tae-jeong of Daejeon said, “Simultaneously practicing consumption and sharing through the relief fund is a double-good donation that revitalizes the local economy depressed by COVID-19 and helps vulnerable groups,” adding, “If local citizens unite in the spirit of consumption and sharing, it will be even more meaningful.”

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