Pohang City Successfully Revitalizes Local Economy... Gyeongbuk Evaluation 'Top Excellence Award for 2 Consecutive Years'

COVID-19 Crisis and Local Economy Revitalization Policy 'Thumbs Up'

Pohang City won the top prize for two consecutive years in the 2021 Gyeongsangbuk-do Regional Economic Revitalization Evaluation, receiving a plaque of commendation and a prize money of 5 million won.

[Asia Economy Yeongnam Reporting Headquarters Trainee Reporter Lee Seryeong] Pohang City, Gyeongsangbuk-do, received the highest award again this year in the Gyeongsangbuk-do regional economic revitalization evaluation, following last year.

The regional economic revitalization evaluation is an event that assesses the achievements made throughout the year in 23 cities and counties within the province, focusing on excellent policies for revitalizing the local economy centered on small business owners and traditional markets, securing new national and provincial funds, and discovering new policy initiatives.

On the 14th, the city won the highest award at the 2021 Gyeongsangbuk-do regional economic revitalization evaluation, receiving a plaque of commendation and a prize of 5 million KRW.

It was evaluated that the city greatly contributed to small business owners and regional economic revitalization amid the emergence of variant viruses and the COVID-19 spread crisis.

The city provided disaster relief funds to small business owners twice, 10.2 billion KRW in the first half and 12.24 billion KRW in the second half, implemented management stabilization loans worth 17.5 billion KRW for low-credit small business owners, and also promoted a card fee support project worth 3.8 billion KRW.

Pohang City issued Pohang Love Gift Certificates worth 400 billion KRW and launched mobile gift certificates, helping small-scale small business owners who find online sales difficult to pioneer online sales channels.

In traditional markets, while strengthening quarantine rules, the city held shopping events and opened night markets. Additionally, it promoted facility modernization projects by carrying out construction of public parking lots in Heunghae Market and Jungang Shopping District, rebuilding market stalls, and fire safety renovation works.

Cheongha Market, the filming location of this year’s popular drama “Gaetmaeul Chachacha,” was developed into a regional specialty project linked to the drama by preserving major filming locations and providing convenience facilities to maintain visitors’ interest and popularity.

Mayor Lee Kang-deok of Pohang said, “I express my gratitude to the staff who have worked tirelessly for the recovery of the people’s economy,” and added, “We will broadly promote policies to revitalize the regional economy and strive to prepare policies and eliminate blind spots so that small business owners, SMEs, and citizens can all receive support.”

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