Gwangju Buk-gu Receives 'Presidential Award' in Inclusive Finance Category on Financial Day

[Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Buk-gu, Gwangju Metropolitan City (Mayor Moon In) announced on the 27th that it received the Presidential Award in the Inclusive Finance category at this year's 5th Financial Day government awards hosted by the Financial Services Commission.

This government award recognized individuals and organizations contributing to financial development in areas such as ▲savings and investment ▲innovative finance ▲inclusive finance, and Buk-gu was the only local government nationwide to receive the Presidential Award.

The main achievements include ▲establishing a financial welfare foundation and spreading awareness of low-income finance among residents ▲strengthening financial capabilities of vulnerable groups ▲contributing to financial support for small business owners and SMEs overcoming COVID-19, earning recognition for alleviating financial difficulties through low-income finance policies.

During the 7th term of the elected administration, Buk-gu signed a business agreement on self-support welfare with the Korea Inclusive Finance Agency in 2018 and attracted the Buk Gwangju Low-Income Finance Integrated Support Center to Buk-gu to enhance financial support for marginalized groups and improve accessibility to low-income finance.

They conducted visiting financial education targeting various groups such as elementary school students and the elderly, and implemented various financial policies including launching the Agisarang Account with a 6% interest rate in cooperation with the local financial institution Buk-gu Saemaeul Geumgo.

In particular, to support local small business owners and SMEs struggling due to COVID-19, they operated the Livelihood Economy Revitalization Headquarters and focused on regional economic recovery through measures such as interest-free and fee-free fund support for small business owners.

Mayor Moon In of Buk-gu said, “Receiving this Presidential Award is the result of all public officials working together to eliminate financial blind spots and promote low-income finance policies,” and added, “We will continue to activate low-income financial support systems through policy promotion and financial education so that residents do not miss out on using these services due to lack of awareness.”

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