Jogyuil Jinju Mayor Announces Additional Customized Support Measures for Small Business Owners in Response to COVID-19

Additional 20 Billion KRW Issued for Mobile Jinju Sarang Gift Certificates to Revitalize Small Businesses

Joo Kyu-il, Mayor of Jinju City, Announces Additional Customized Support Measures for Small Business Owners in Response to COVID-19 [Image Source=Jinju City]

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] On the morning of the 5th at 11 a.m., Jinju Mayor Cho Gyu-il announced additional customized support measures for small business owners in response to the novel coronavirus infection (COVID-19) in three areas: profit increase, cost reduction, and competitiveness enhancement, totaling 4.7 billion KRW, at the Jinju City Hall briefing room.

Mayor Cho prepared the 5th emergency regional economic support additional measures to help local small business owners who are experiencing economic difficulties.

Mayor Cho said, “Although vaccination has started, small business owners are facing economic hardships due to many restrictions on face-to-face activities,” adding, “While a happiness support fund of 100,000 KRW per citizen is being provided, efforts are still needed to regain vitality.”

The detailed support measures allocate 2.2 billion KRW to profit increase support such as expanding the issuance of Jinju Love Gift Certificates, 1.5 billion KRW to cost reduction support including local tax reductions like business place resident tax and shared property rental fee reductions, and 1 billion KRW to competitiveness enhancement such as the Jinju-type Small Business Management Environment Improvement Project.

In particular, the plan is to expand the issuance of Jinju Love Gift Certificates from 25 billion KRW to 45 billion KRW.

Additionally, as a follow-up to the 5th economic measures, the building ordinance will be revised to ease regulations on buildings in the original downtown area.

The building ordinance, which relaxes the standards for ‘open space within the site,’ will be revised and implemented in the second half of the year, making it easier to change the use of old buildings in the original downtown area. This is expected to activate remodeling and expansion, revitalize the depressed central commercial district, and create a synergy effect in promoting urban regeneration projects.

Mayor Cho emphasized, “The reality is that quarantine is inevitably the economy,” and added, “The basic premise of this small business support measure is also ‘quarantine.’”

He continued, “We will continue administrative guidance and inspections to ensure compliance with quarantine rules, and we ask citizens to thoroughly follow quarantine rules, participate in vaccination, and actively engage in consumption and economic activities to revitalize the local economy.”

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