Assemblyman So Byeong-cheol Urges Financial Support for Wildfire-Affected Areas Including Suncheon City

Suncheon City Faces 3 Wildfires in One Month, Urgent Support Needed

Assemblyman So Urges Financial Authorities to Expedite Support Policies

Democratic Party of Korea lawmaker So Byeong-cheol (Suncheon, Gwangyang, Gokseong, Gurye (Gap)) raised awareness of the wildfire damage situation in Suncheon City during the full meeting of the Political Affairs Committee and urged the Financial Services Commission to implement immediate financial support policies.

According to Rep. So, Suncheon City has experienced three wildfires since March, putting residents in dangerous situations and causing severe suffering due to the flames.

[Photo by So Byeong-cheol]

The wildfire in Songgwang-myeon, following the wildfires in Woldeung-myeon and Byeollyang-myeon of Suncheon City, is reported to have affected an area of 150 hectares.

In response, Rep. So emphasized that the Financial Services Commission should promptly announce effective financial support measures through policy financial institutions or private financial companies.

In the past, financial support policies were immediately announced when wildfire disaster areas were declared, but currently, there is some delay, so rapid support is necessary.

Since voluntary financial support is already being provided to wildfire-affected areas mainly by the four major banks, swift action from financial authorities is urgently needed.

Furthermore, Rep. So explained that instead of repeating the same support policies every year, if necessary, meetings with affected areas should be held to directly hear about the financial policies needed on the ground.

Rep. So stated, “Yesterday, the Presidential Office declared 10 local governments affected by large wildfires as special disaster areas,” and urged the financial authorities to actively pay attention and respond quickly by submitting regional data on the Financial Services Commission’s support preparation status and the support status of financial companies.

Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr

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