Pohang City Launches Full-Scale Response to Stabilize Living Costs! ... Vice Mayor Leads Price Situation Room Operation

Report Meeting on Country-Specific Price Stabilization Measures, Including Freeze on 5 Types of City Public Utility Charges

Strengthening Price Stability Monitoring System Through On-Site Inspections of Traditional Markets

Pohang City Takes Full Measures to Stabilize Living Costs.

[Asia Economy Yeongnam Reporting Headquarters Reporter Dongguk Lee] Pohang City, Gyeongbuk Province, is making every effort to respond to the soaring inflation by establishing a price stabilization promotion plan as a follow-up measure to the "Emergency Countermeasure Meeting for Stabilizing Living Table Prices" held on the 6th under the chairmanship of Mayor Kang-deok Lee.

First, the city formed a price situation room led by the vice mayor and installed price situation boards in the mayor's office and vice mayor's office to enable real-time monitoring of price fluctuations for major items.

Together with related organizations, a citywide countermeasure committee was formed, and monthly price inspection meetings are held to strengthen the living price monitoring system and to discover new tasks for livelihood economic stabilization measures aimed at price stabilization.

In addition, the city shares price stabilization measures tailored to the characteristics of each department through executive meetings to respond comprehensively to the high inflation and economic situation, and plans to conduct performance inspections in the future.

Through cooperation among departments, Pohang City has frozen five types of local public utility fees (garbage bag fees, water and sewage charges, city bus fares, taxi fares) despite factors for increases.

Also, on the 22nd, the city provided training on price survey guidelines to 13 price monitoring agents and conducted on-site price investigations at markets together with city employees, ensuring thorough maintenance of price data.

Pohang city employees conducting an on-site price survey by visiting the market.

Going forward, the city plans to implement support projects for small business owners facing price increase pressures by securing budgets to ▲expand support for good price businesses ▲support employment funds for price stabilization ▲special guarantee for raw material purchases, and to activate citizens' consumption sentiment frozen by rising prices through policies such as a significant additional issuance of Pohang Love Gift Certificates.

Mayor Kang-deok Lee of Pohang said, "We have set price stabilization as the top priority of city administration and intend to respond to the high inflation situation by mobilizing all available means including public-private cooperation. We will make our best efforts to discover policies that citizens can feel and stabilize the livelihood economy, and we ask citizens to make efforts together."

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