Gangbuk-gu Allocates 6.1 Billion Won in Supplementary Budget to Support Youth Employment and Cultural Artists

Small Business Owners, Vulnerable Groups, and Affected Industries Receive Tailored Selective Support Funds... Efforts to Expedite Payment Timing and Accelerate Legal Basis Preparation Including Ordinance Amendments

[Asia Economy Reporter Park Jong-il] Gangbuk-gu (District Mayor Park Gyeom-su) passed an emergency supplementary budget bill on the 29th to support groups affected by COVID-19.

This supplementary budget is the district's share of funds required for the "Crisis Overcome Disaster Support Fund," a collaborative project between Seoul City and autonomous districts. The general account was increased by 6.1 billion KRW, all allocated as contingency funds for disaster and calamity purposes.

The "Crisis Overcome Disaster Support Fund" is a tailored selective support fund aimed at groups severely affected by the prolonged COVID-19 pandemic.

Specialized projects are carried out in three major sectors: small business owners, vulnerable groups, and affected industries.

It takes the form of selective and direct support such as interest-free loans for small business owners and employment incentives for unemployed youth. It is also used for village bus companies and workers, cultural and artistic personnel, and daycare centers and community child centers with increased operating costs due to emergency care.

The district proactively prepared the supplementary budget to provide swift support. It also plans to accelerate the establishment of related legal grounds, including amendments to ordinances for the payment of support funds.

Park Gyeom-su, Mayor of Gangbuk-gu, said, "I hope this supplementary budget will be a practical help in recovering the livelihood economy and revitalizing neighborhood markets," adding, "We will strive to advance the timing of budget payments as much as possible."

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