Jeongeup-si to Provide Disaster Basic Income of 100,000 Won to All Citizens

[Asia Economy Honam Reporting Headquarters Reporter Kim Jae-gil] Jeongeup City in Jeonbuk announced on the 30th that it will provide disaster basic income support of 100,000 KRW per person to all citizens in relation to the COVID-19 situation.

Mayor Yoo Jin-seop and City Council Chairman Jo Sang-jung held a press conference at the Jeongeup City Hall multipurpose room on the same day and announced the plan to provide Jeongeup City's disaster basic income.

Mayor Yoo and Chairman Jo stated that they will promptly support disaster basic income to all citizens experiencing economic difficulties due to the prolonged COVID-19 pandemic to stabilize livelihoods and revitalize the depressed local economy.

The disaster basic income support provided by the city will be paid to all citizens in consultation with the Jeongeup City Council, separately from the government's third disaster relief fund.

As of December 29, 2020, 109,026 people registered as residents of Jeongeup City are eligible, and a budget of approximately 11 billion KRW from the disaster contingency fund will be used.

The city will provide the support in the form of prepaid cards to encourage prompt consumption.

The issued prepaid cards will be set with a limited usage period until June 30 of next year and can only be used within the local area to help the local commercial district.

Chairman Jo Sang-jung said, “We hope that promptly providing disaster basic income to citizens suffering from the prolonged COVID-19 pandemic will stimulate consumption in the local commercial district and serve as a catalyst to revitalize the local economy.”

Mayor Yoo said, “As COVID-19 prolongs, providing disaster basic income to citizens facing livelihood difficulties is expected to help stabilize citizens' lives and revitalize the depressed local economy through consumption activities.”

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