Pohang City Protects "500,000 Residents," Pays 300,000 Won Per New Resident Registration
Applications Accepted at Local Administrative Welfare Centers from the 24th
[Asia Economy Yeongnam Reporting Headquarters, Reporter Park Dong-wook] Pohang City in Gyeongbuk announced on the 22nd that it will provide address relocation support funds to new residents in order to restore its population to 510,000.
The support targets citizens who have been registered residents in other cities, counties, or districts for more than one year and have moved into Pohang City after January 1 of this year. Those who have received other support related to relocation, such as worker migration settlement support funds, and enlisted soldiers are excluded.
The address relocation support fund will be provided as 300,000 KRW per person in Pohang Love Gift Certificates. If the recipient moves out of the city within one year after receiving the support, the full amount must be refunded.
Before launching the project, Pohang City conducted training on the address relocation support fund payment project for officials of eup, myeon, and dong administrative welfare centers on the 17th.
Mayor Lee Kang-deok of Pohang said, "To uphold the status and pride as the number one city in Gyeongbuk, Pohang City has set restoring the population to 510,000 as the top priority task of the 2021 administration, and we will unite all our capabilities with citizens to overcome the population crisis."
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Meanwhile, in 2020, South Korea experienced a 'population dead cross,' where the number of births was less than the number of deaths. Pohang City's population also decreased by 16,668 over five years, from 519,584 in 2015 to 502,916 in 2020. In particular, the population dropped by 4,109 in 2020 alone, intensifying the sense of crisis.
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