Gyeongnam Province Visits Livelihood and Economic Sites to Overcome COVID-19

Budget of 380 Billion KRW Invested Over Four Years Since 2019

Gyeongnam Province announced on the 23rd that Park Jong-won, the Deputy Governor for Economic Affairs, visited the Gyeongnam Credit Guarantee Foundation and other locations to inspect the livelihood and economic sites. (Photo by Gyeongnam Province)

[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Choi Hyun-joo] Gyeongnam Province announced on the 23rd that Deputy Governor Park Jong-won visited LG Electronics Co., Ltd. Changwon Plant and Gyeongnam Credit Guarantee Foundation to inspect the current status of livelihood and economy, explore ways to strengthen manufacturing competitiveness, and review financial support for small business owners.

The province has been investing a budget of over 380 billion KRW from 2019 to 2022 to promote the distribution and expansion of more than 2,000 smart factories in manufacturing production sites within the province to secure corporate competitiveness and improve productivity through smartization.

Following this, Deputy Governor Park visited the Gyeongnam Credit Guarantee Foundation and the Gyeongsangnam-do Enterprise Integrated Support Center to check the status of policy funds for small business owners and management stabilization funds for small and medium enterprises. He also visited the Gyeongsangnam-do Job Comprehensive Center and the Gyeongsangnam-do Financial Welfare Counseling Center in succession, urging meticulous support for residents experiencing employment instability and livelihood difficulties due to the novel coronavirus infection (COVID-19).

Lastly, he visited the planned site of the ‘Gyeongnam Economic Promotion Agency,’ which will serve as the control tower for responding to Gyeongnam’s livelihood and economic issues, to check the progress related to its scheduled opening in July.

Deputy Governor Park said, “The economy of ordinary citizens is facing difficulties due to COVID-19,” and requested, “Since small business owners, self-employed individuals, and small and medium enterprises are greatly affected, please pay special attention to ensure that no blind spots occur in financial support.”

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