Kim Dong-yeon: "Gyeonggi-do Local Currency National Subsidy Reduced by 84.4 Billion Won... A Total Crisis"

Gyeonggi Province Governor Kim Dong-yeon’s post and photo uploaded on his social media service (SNS) on the 8th

Kim Dong-yeon, Governor of Gyeonggi Province, described the current situation as a total crisis, citing a significant reduction in the government's national funding for local currency.

On the 8th, Governor Kim posted on his social media (SNS), "The national funding for Gyeonggi Province's local currency has decreased by 84.4 billion KRW compared to the previous year," and added, "Our request to reconsider the differential allocation of the local currency budget was also rejected."

He continued, "We are currently facing a total crisis and are working closely with provincial officials day and night to find ways to support livelihoods and empower small business owners," promising, "We will find the best solution."

Earlier, on January 19, the province submitted a proposal to the Ministry of the Interior and Safety, requesting changes to the criteria and an increase in support, arguing that the government's criteria for distributing national funds for local currency were unfair.

This was in response to the Ministry of the Interior and Safety's announcement on January 15 that the national funding rate for local currency would be applied differentially across three categories this year: population-declining areas, general local governments, and local governments without ordinary local allocation tax. As a result, Gyeonggi Province and the cities of Seongnam and Hwaseong, classified as local governments without ordinary local allocation tax, received no national funding.

In the proposal, the province pointed out that the allocation criteria were biased toward population decline and did not consider the proportions of population and small business owners, resulting in reverse discrimination against small business owners in the Gyeonggi region, who are struggling with economic recession.

Meanwhile, as of the end of December last year, Gyeonggi Province accounted for 26.5% of the national population and 25.9% of small business workers nationwide (based on 2021 data), but its share of national funding for local currency last year was only 17.6%.

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