Suncheon-si Provides 37.2 Billion KRW in Support Funds to Revive the Real Economy

10 Million Won Daily Recovery Support Fund Payment... Full Effort to Revive Real Economy
All Citizens and Foreign Registrants with Address in Suncheon-si as of the 12th

[Suncheon=Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Suncheon City, Jeollanam-do (Mayor Heo Seok) announced on the 15th that it will provide a daily recovery support fund of 100,000 KRW per person to all citizens.

Mayor Heo Seok of Suncheon made this announcement through a non-face-to-face briefing, expressing expectations that this daily recovery support fund will circulate within the region and serve as a catalyst for the recovery of the real economy.

As of the 12th, the city will provide the daily recovery support fund of 100,000 KRW per person in Suncheon Love Gift Certificates to all citizens registered as residents of Suncheon and foreigners registered in the city, scheduled for next month.

The total expenditure is approximately 29 billion KRW, which was secured through budget savings from various events and festivals and the acquisition of local allocation tax.

Mayor Heo said, “As the first to declare With Corona, we will actively implement policies for daily recovery,” adding that they will expand private subsidies to serve as a catalyst for the recovery of the real economy, provide 3 million KRW each to 12,000 small business owners and self-employed people totaling 3.6 billion KRW, issue Youth Love Cultural Welfare Cards worth 2 million KRW annually to about 24,000 youths aged 24 to 30 totaling 4.6 billion KRW, pay 8.7 billion KRW early for farmers and fishermen’s public interest allowances, and expand next year’s budget by increasing the issuance of local love gift certificates to accelerate daily recovery.

He also stated that an advisory committee for daily recovery support involving heads of related institutions and organizations from various sectors will be operated to research what citizens need and discover policies to actively support so that daily recovery can permeate the real economy.

Mayor Heo said, “Since the declaration of With Corona, about 500,000 people have visited Suncheon through various festivals and events such as the K-POP Festival, Lifelong Learning Expo, Cultural Heritage Night Tour, and Food & Art Festival,” adding, “Accommodation facilities and restaurants have revived, and seeing citizens full of vitality throughout the streets brought joy that we had not felt in the past two years.”

He continued, “The current With Corona literally means coexistence with Corona, not the end of Corona,” and requested, “Since Corona is still around us, please strictly follow quarantine rules and actively participate in vaccination.”

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