[Image source=Yonhap News]

[Image source=Yonhap News]

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[Asia Economy Reporter Lee Ji-eun] On the morning of the 8th, President Moon Jae-in approved the declaration of a special disaster zone for Gangneung and Donghae cities in Gangwon Province.


This follows the declaration of special disaster zones for Uljin in Gyeongbuk and Samcheok in Gangwon on the 6th, and is intended to provide national-level support for recovery and restoration as the damage caused by the large-scale wildfire that occurred on the 5th continues to spread.


With the declaration of the special disaster zone, the government will provide national funding to cover part of the restoration costs for private facilities such as homes damaged by the wildfire (70% for private facilities, 50% for public facilities).


Additionally, affected residents will receive indirect support such as living stabilization subsidies, deferral of local tax payments, and reductions in public utility charges.



On the 7th, President Moon instructed, "Along with housing support for disaster victims, promptly execute financial support for affected small business owners, self-employed individuals, and farmers, as well as support for farming activities."


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

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