Yeosu-si, What Are the Policy Changes in the Second Half of 2021?

Five Major Areas and 19 Projects Including Reduction of Residential Property Tax Rates

[Asia Economy Honam Reporting Headquarters Reporter Shim Kyung-taek] Yeosu City in Jeollanam-do has disclosed the "2021 Second Half Changes in Systems and Policies" closely related to citizens' lives on the city’s official website.

The changes in systems and policies for the second half of the year cover 19 projects across five sectors: ▲Jobs and Economy (3 items), ▲Tourism, Culture, and Education (2 items), ▲Welfare, Health, and Women (9 items), ▲Transportation, Construction, and Environment (1 item), and ▲General Administration and Taxation (4 items).

First, in the Jobs and Economy sector, the number of financial institutions acting as agents for the Yeosu Sarang Gift Certificate has been expanded from 41 to 60, making it more convenient to purchase and exchange gift certificates. To promote investment attraction, additional support will be provided for the knowledge information culture industry and new energy industries, further encouraging investment.

The launch of the "Yeosu Jobs" web service, which integrates Yeosu area employment information, will allow easy access to various job and startup information via mobile devices.

In the Tourism, Culture, and Education sector, the 55th Yeosu Geobukseon Festival will be held in October as a safe hybrid festival combining online and offline formats due to COVID-19. The municipal Hyeonam Library, transformed into a complex cultural space, will reopen at the end of August to meet the diverse cultural and educational needs of citizens.

In the Welfare, Health, and Women sector, scholarships of 500,000 KRW will be provided to descendants of independence activists, and career-continuity vouchers of 200,000 KRW per person will be given to women with career interruptions. Additionally, an IoT health and safety solution project will be implemented to prevent solitary deaths among middle-aged and elderly citizens, and the grace period for maturity termination of Hope and Tomorrow Savings Accounts will be extended by six months to support asset formation.

The Yeosu City Youth Marine Education Center, the Joint Childcare Sharing Center, and the 5th Ainarae Happiness Center for collective childcare (in Gwanmun-dong) will all open in the second half of the year.

In the Transportation, Construction, and Environment sector, the compensation limit for citizen safety insurance will be raised by 10 million KRW, providing up to 20 million KRW coverage for death and aftereffects caused by natural disasters.

In the General Administration and Taxation sector, the property tax rate for houses with a publicly announced price of 600 million KRW or less will be reduced by 0.05% for each taxable standard bracket. The property tax reduction rate for good landlords will be expanded from 50% to 100%, reducing property tax from July’s building tax based on the rent reduction rate. With the implementation of the housing lease reporting system, contracts with deposits of 60 million KRW or more and monthly rent exceeding 300,000 KRW must be reported within 30 days of contract signing to the local town office or the real estate transaction management system.

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