Jeonbuk Province to Rapidly Implement Government's 2nd Emergency Disaster Relief Fund

Governor Song Orders "Thorough Pre-Execution Preparation for Swift Implementation Immediately After Government's 4th Supplementary Budget Passes National Assembly"

[Jeonju=Asia Economy Honam Reporting Headquarters Reporter Kim Tae-in] Song Ha-jin, Governor of Jeollabuk-do, instructed thorough preparation to enable rapid execution as soon as the budget bill, including the 2nd emergency disaster relief fund and the government's 4th supplementary budget, is passed by the National Assembly, following its confirmation at the Cabinet meeting on September 10.

Jeollabuk-do plans to provide support funds to residents in each sector as quickly as possible through the pre-supplementary budget since the government's 4th supplementary budget will be fully supported by national funds without any local government burden.

At yesterday's Cabinet meeting, the government finalized the 4th supplementary budget package worth 7.8 trillion won as a customized emergency disaster relief package, aiming to alleviate difficulties in the livelihood economy through tailored support for small business owners, vulnerable employment groups, households in livelihood crisis, and families with childcare burdens, who are severely affected by the resurgence of COVID-19.

The main contents of the government's 4th supplementary budget include △Emergency damage support for small business owners △Emergency employment stabilization △Emergency livelihood support for low-income households △Emergency childcare support.

△Emergency damage support for small business owners

To stabilize the management of small business owners severely affected by social distancing measures such as decreased sales, the “Small Business New Hope Fund” will provide 1 to 2 million won, and 500,000 won will be given as a re-challenge incentive for closed stores.

Additionally, financial support such as low-interest loans and special loans for small business owners will be promoted using regional credit guarantee foundations and commercial banks.

△Emergency employment stabilization

Emergency employment stabilization funds of 500,000 to 1.5 million won will be provided to special-type workers and freelancers whose income has decreased, and a special job-seeking support fund of 500,000 won will be given to young people (aged 18-34) facing employment difficulties.

△Emergency livelihood support for low-income households

Emergency livelihood funds will be provided to crisis households (below 75% of median income) struggling with livelihood due to income reduction: 1 million won for households of four or more, 400,000 won for one-person households, 600,000 won for two-person households, and 800,000 won for three-person households.

△Emergency childcare support

To alleviate childcare burdens on parents, 200,000 won per child up to elementary school age will be provided, and to reduce communication expenses, 20,000 won will be given to all citizens aged 13 and above.

Earlier, on September 10, Governor Song Ha-jin, along with 17 provincial governors, jointly proposed to the government and National Assembly to extend emergency disaster relief funds for high-risk facility industries to all 12 industries.

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