Goryeong-gun, Gyeongbuk, Goes 'All In' on Mobilizing Administrative Power to Revitalize the Local Economy

Completion of Donggoryeong IC Logistics Complex Scheduled for Next Year

Goryeong County Office.

[Asia Economy Yeongnam Reporting Headquarters Reporter Yeo Jong-gu] Goryeong-gun, Gyeongbuk Province, is mobilizing all administrative resources to launch an all-out effort to revive the stagnant local economy.

Goryeong-gun plans to promptly allocate a budget of 72 million KRW for the Small Business Owners' Quarantine Supplies Support Project to provide stable support for small business owners.

In addition, to minimize the interest burden on small business owners, a special guarantee and interest subsidy support project worth 150 million KRW will be promoted. Online applications for small business loss compensation for losses incurred in the fourth quarter of last year and a dedicated civil service center are currently operating at the civil service office on the first floor of the county office.

Recently, a total budget of 1.2 billion KRW will be invested to revitalize the local economy, including 537 million KRW for youth job support projects in Gyeongbuk Province's key business sectors, 80 million KRW for youth job support projects in the design field of local small and medium enterprises, and 51 million KRW for social economy youth job projects.

Through the county's active attraction of private capital, the establishment of a logistics complex on an 113,695㎡ site in Deukseong-ri, Seongsan-myeon, scheduled for completion next year, is expected to increase tax revenue and create local employment.

County Governor Kwak Yong-hwan said, “We will do our best to revitalize the economy of small business owners and companies in the region who are struggling due to the prolonged COVID-19 pandemic.”

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