Geochang County Council Decides to Return 103.7 Million Won Including Overseas Training Expenses to Overcome COVID-19...
Contributing to Overcoming the Economic Crisis of Residents and Funding for Heavy Rain Damage
Chairman Kim Jong-du and council members of Geochang County Council are visiting and inspecting the heavy rain damage sites.
View original image[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] The Geochang County Council in Gyeongnam announced on the 4th that it has decided to return a total of 103.7 million KRW from council members' overseas training expenses and event costs to support local residents affected by the COVID-19 crisis and record-breaking heavy rain damage.
The budget being returned this time was explained as a decision to be used as resources for overcoming the economic crisis and restoring damage caused by heavy rain, amid the prolonged COVID-19 recession and ongoing suffering of county residents due to concentrated heavy rainfall.
The county council's returned budget includes a full cut of 62.3 million KRW for overseas training expenses and 10.89 million KRW for sisterhood exchange event costs.
Additionally, 22.54 million KRW out of 44.8 million KRW for council activity expenses and business promotion expenses will be cut in this 2nd supplementary budget.
Chairman Kim Jong-du said, "We participated in returning the budget to share the pain with county residents who are suffering from the resurgence of COVID-19 and consecutive natural disasters," and added, "We will do our best in council activities for the residents."
Hot Picks Today
"Buy on Black Monday"... Japan's Nomura Forecasts 590,000 for Samsung, 4 Million for SK hynix
- "Not Everyone Can Afford This: Inside the World of the True Top 0.1% [Luxury World]"
- "Plunged During the War, Now Surging Again"... The Real Reason Behind the 6% One-Day Silver Market Rally [Weekend Money]
- "We're Now Earning 10 Million Won a Month"... Semiconductor Boom Drives Performance Bonuses at Major Electronic Component Firms
- Experts Are Already Watching Closely..."Target Stock Price 970,000 Won" Now Only the Uptrend Remains [Weekend Money]
Meanwhile, the Geochang County Council is demonstrating exemplary council activities, with all members voluntarily donating 3 million KRW for COVID-19 relief funds and 1.1 million KRW for flood recovery funds.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.