Sancheong-gun "98.2% Emergency Disaster Relief Fund Received" ... Economic Stimulus Effect 'Significant'

76.2% Usage Before and After Seol Holiday

Sancheong Sarang Gift Certificate

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Sancheong-gun, Gyeongnam announced on the 19th that the Sancheong-type emergency disaster relief fund, which was provided to all residents of the county, has been completed with a high payment rate of 98.2%.

The county spent a budget of 3.5 billion won from January 14 to 19 to provide 100,000 won worth of Sancheong Love Gift Certificates per resident. The application deadline, originally planned until the 5th, was extended by two weeks until the 19th.

To encourage the use of the issued gift certificates as much as possible before the Lunar New Year holiday, the usage rate recorded as of the 19th was 76.2% (about 2.7 billion won).

The county understands that this Sancheong-type emergency disaster relief fund could be used not only at 769 affiliated stores within the region but also at street vendor affiliated stores in traditional markets, having a significant effect on revitalizing the local economy and boosting the economy.

County Governor Lee Jae-geun said, "The payment of this Sancheong-type emergency disaster relief fund has become an opportunity to inject great vitality into local small business owners and households struggling due to the prolonged COVID-19 pandemic," adding, "We will continue to do our best to help local small business owners as well as marginalized neighbors overcome COVID-19."

Meanwhile, the sales amount of Sancheong Love Gift Certificates, which was about 400 million won in 2019, increased to 3.3 billion won in 2020, growing more than eight times in one year. This year, the issuance scale of Sancheong Love Gift Certificates is planned to be expanded to 5 billion won.

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