Yeosu City Receives 'Best' Rating in Ministry of the Interior and Safety's Local Price Stability Management Evaluation

Secured 150 Million Won in Special Grants

Highly Praised for Implementing Special Measures to Stabilize Prices

Yeosu City, Jeollanam-do (Mayor Jeong Gi-myeong) announced that it was selected as the best local government in the Ministry of the Interior and Safety's first half of 2023 local price stabilization management evaluation, securing a special grant of 150 million KRW.

The Ministry of the Interior and Safety evaluated 243 local governments nationwide based on ▲public utility fee freeze/reduction performance ▲price index ▲support performance per Good Price Store ▲local price and personal service fee stabilization performance, selecting 24 local governments, with Yeosu chosen as the best local government.

[Photo by Yeosu City]

Yeosu City sought to stabilize public utility fees by freezing local public utility fees such as garbage bag fees and water and sewage charges, and was highly evaluated for promoting special policies for price stabilization, including fee reductions for vulnerable groups.

In addition, Yeosu expanded support and promotion for Good Price Stores, which contribute to local price stabilization by providing affordable prices and quality services, and consistently carried out meetings with related organizations and joint public-private campaigns for price stabilization.

With the vacation season approaching, Yeosu plans to continuously promote price stabilization campaigns in collaboration with the Yeosu Renaissance Citizen Movement in areas densely populated with restaurants and lodging businesses and other crowded places, and to build a cooperative system with related organizations to foster a price stabilization participation atmosphere.

A city official said, “We are very proud that our efforts to alleviate citizens' hardships during the high inflation period have resulted in the 'best award.' Since domestic and international inflationary factors still persist, we will focus administrative power even more on price stabilization.”

Yeosu = Asia Economy Honam Reporting Headquarters, Reporter Choi Cheol-hoon hss79@asiae.co.kr

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