Considering Difficult Economic Conditions, Decided to Pay New Funds Worth 17.1 Billion Won
Set Intensive Fund Execution Period from 21st to 25th and Shorten Administrative Processing Deadline

Ulsan Metropolitan Office of Education building.

Ulsan Metropolitan Office of Education building.

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[Asia Economy Yeongnam Reporting Headquarters, Reporter Hong Jeonghwan] Ulsan Metropolitan Office of Education has decided to promptly execute payments for various construction projects commissioned by the education office, considering the difficult economic situation due to the novel coronavirus disease (COVID-19) ahead of Chuseok.


The Ulsan Metropolitan Office of Education is conducting construction and service work at 25 schools (161 cases), including new and expansion projects and seismic reinforcement works. The payments for construction, services, and supplies to be made in preparation for Chuseok amount to approximately 17.1 billion KRW.


The education office has designated the period from the 21st to the 25th as a focused fund execution period. Sites requesting payments will undergo immediate completion (progress) inspections, and all efforts will be made to execute various payments.


For wages and subcontract payments, which often generate civil complaints, the office plans to use the Public Procurement Service’s ‘Subcontract Keeper System’ to make direct payments, preventing wage arrears, misuse, and payment delays by the primary contractors.



An official from the city education office stated, “We plan to shorten administrative processing times as much as possible to promptly execute construction payments before Chuseok,” adding, “We will fulfill the responsibilities of a public institution so that all can have a happy holiday by resolving wage arrears for on-site workers and ensuring necessary funds for subcontractors and material suppliers during the holiday.”


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

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