Jangseong-gun, Daily Recovery Support Fund Shows Significant Effect on Revitalizing Local Economy

[Jangseong=Asia Economy Honam Reporting Headquarters, Reporter Jo Hangyu] The "Universal Daily Recovery Support Fund," the first pledge pursued with the launch of the 8th local government in Jangseong-gun, Jeollanam-do, ended on the 16th.

According to the county on the 22nd, the final payment rate of the Daily Recovery Support Fund was 98.2%, with a total of 12.8 billion KRW provided to 42,692 Jangseong residents.

The "Universal Daily Recovery Support Fund" is a policy that provides all Jangseong residents with 300,000 KRW worth of local currency, the Jangseong Sarang Gift Certificate, serving as a catalyst for livelihood and regional economic recovery.

It was quickly distributed amid severe difficulties caused by rising prices and economic recession, contributing to revitalizing the local economy by promoting consumption.

The places where the support fund was used were mostly marts at 36%, followed by restaurants, traditional markets, and gas stations.

Among these, the increase of about 300 million KRW in traditional market consumption is particularly noteworthy.

At the beginning of this year, the traditional market usage amount was 700 million KRW when the Daily Recovery Support Fund was first paid, but it significantly increased to 1 billion KRW in the second half with the universal Daily Recovery Support Fund.

A county official said, "The payment of the universal Daily Recovery Support Fund has revitalized the alley markets, and both residents and small business owners were satisfied," adding, "We will continue to provide various support for residents' livelihood stability and economic revitalization."

Jangseong=Asia Economy Honam Reporting Headquarters, Reporter Jo Hangyu baekok@asiae.co.kr

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