Sh Suhyup Provides 8.7 Billion KRW Voucher Cards to Local Governments

Small-scale fishing households receive 300,000 KRW each
COVID-19 affected aquaculture households receive two 500,000 KRW vouchers each

On the 28th, Sh Suhyup Bank announced that it will provide voucher prepaid cards worth approximately 8.7 billion KRW to 14 city and provincial local governments.
[Photo by Sh Suhyup Bank]

[Asia Economy Reporter Song Seung-seop] Sh Suhyup Bank will provide voucher prepaid cards worth approximately 8.7 billion KRW to 14 city and provincial local governments.

According to Sh Suhyup Bank on the 28th, the Ministry of Oceans and Fisheries is implementing the 'Temporary Management Support Voucher for Small-scale Fishing Households' and the 'COVID-19 Overcoming English Support Voucher' projects.

Fishermen notified as voucher support recipients by local governments can receive the cards by visiting the relevant office with the required documents starting from the 3rd of next month.

Small-scale fishing households in island and border areas will receive a 300,000 KRW voucher per household, and aquaculture households whose sales have decreased due to COVID-19 will receive two 500,000 KRW vouchers (1,000,000 KRW) per household. They can freely purchase items excluding some industries that do not meet the purpose of disaster relief funds. However, if not used within the validity period, the full amount will revert to the national treasury.

A representative of Suhyup Bank emphasized, "We will actively cooperate with government policies to help stabilize the income of low-income fishing households and create a vibrant fishing village."

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