Goseong-gun to Provide 250,000 Won per Person in Resident Support Funds from the 9th to 23rd

Sang-geun Lee County Governor Prioritizes Public Stability Amid Complex Economic Crisis

Goseong County Office, Gyeongnam.

[Asia Economy Yeongnam Reporting Headquarters Reporter Song Jong-gu] Goseong-gun, Gyeongnam Province, which quickly paid the first round of support funds to all residents before last year's Chuseok holiday to revive the local economy, will once again provide the second round of support funds of 250,000 KRW per person ahead of the Lunar New Year peak season.

This second round of mutual growth support funds was included in the 2023 initial budget after both Goseong-gun and the county council agreed on the goal of prioritizing the livelihood stability of residents. The final preparations are underway with accelerated progress to ensure payment before the Lunar New Year holiday.

Under the directive of County Governor Lee Sang-geun to proactively respond without shrinking amid the prolonged COVID-19 pandemic, high exchange rates, and high inflation?complex economic crises?the support fund plan was established swiftly. It is expected to stimulate the frozen consumer sentiment and serve as a savior to revive the local commercial district.

The payment period for this support fund is from February 9 to February 3, and all residents who have continuously registered their residence in Goseong-gun as of December 31, 2022, until the application date are eligible. Overseas Koreans and marriage immigrants without nationality are also eligible.

The head of the household or household members aged 19 or older (born before 2004) can apply in person at any eup or myeon office within Goseong-gun regardless of their address, and cohabitants must apply separately.

The 250,000 KRW support fund will be paid entirely in local currency, the Goseong Sarang Gift Certificate.

To prepare for a surge in applications during the first week of payment, service counters will also operate on the weekend of February 14?15. In Goseong-eup and Georyu-myeon, a five-day rotation system based on the last digit of the head of household’s birth year will be in effect from February 9 to 13.

Other myeon areas will accept applications autonomously without the five-day rotation system.

Governor Lee Sang-geun said, “This second round of support funds, with a project budget of 12.5 billion KRW, is expected to generate a production inducement effect of 22.5 billion KRW and additional consumption of about 2.6 billion KRW. I hope this second support fund will empower residents ahead of the Lunar New Year peak season and serve as a catalyst to restore the local commercial district.”

He added, “Although the economy is severely depressed due to various internal and external factors, we will prioritize the livelihood stability of residents and act proactively.”

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