[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province has newly installed a signboard at the main gate of the provincial government building that embodies the identity of Governor Lee Jae-myung's core projects: local currency and basic income.

On the 30th, Gyeonggi Province announced that it recently set up a signboard at the main gate of the provincial government building designed as a card payment terminal, topped with a sculpture depicting Superman making a payment with a Gyeonggi local currency card, surrounded by small business owners cheering.

The bottom of the signboard bears the phrase "An economic policy where everyone prospers, local currency-type basic income." It is installed three-dimensionally on both the front and back so that the message can be read from both sides.

The local currency-type basic income combines local currency with basic income.

The province explained that it selected the theme "local currency-type basic income" to share with residents the meaning of a welfare-oriented economic policy that simultaneously increases household income and small business sales through local currency.

Lee Kang-hee, head of the Public Relations Content Division of the province, said, "Like Superman symbolizing hope, Gyeonggi Province wants to breathe new life into the struggling alley economy and deliver the energy of hope that will improve the economic situation (景氣)." He added, "We hope the newly arranged sculpture will serve as a communication channel to easily inform residents about the local currency-type basic income policy."

The Gyeonggi Province-type basic income policy combined with local currency was introduced as a model case of universal basic income that guarantees citizens' basic living and revitalizes the local economy during the COVID-19 pandemic at the "2021 Korea Basic Income Expo" held from April 28 to 30.

Also, the second phase of the Gyeonggi local currency "Consumption Support Fund," implemented as an economic quarantine measure against COVID-19, ended early after 20 days due to active response from residents.

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