Jeong Myeong-geun, Hwaseong Mayor: "Economic and Political Instability... Doing Our Best to Promote Measures for Public Livelihood Stability"

Emergency Meeting with Company CEOs on Urgent Issues
"Active Execution of Budget to Support Revitalization of the People's Economy"

Jeong Myeong-geun, mayor of Hwaseong City, Gyeonggi Province, held an emergency meeting with local business representatives on the 9th and promised active fiscal spending to revitalize the economy. This was a response to the increased political and economic uncertainty following the presidential impeachment crisis.

Jung Myung-geun, Mayor of Hwaseong, is discussing measures to restore the livelihood economy at an urgent issue meeting with businesspeople held at the Hwaseong Chamber of Commerce and Industry on the 9th. Photo by Hwaseong City

On the 9th, Mayor Jeong held an emergency meeting with business representatives at the Hwaseong Chamber of Commerce to discuss response measures and support plans amid growing economic uncertainty. The meeting was attended by about 40 people, including heads of Hwaseong City departments, Ahn Sang-kyo, chairman of the Hwaseong Chamber of Commerce, Kim Gwang-jae, director of the Hwaseong Industrial Promotion Agency, and representatives from 30 local companies.

A city official explained, "The meeting was organized to listen to the difficulties faced by businesspeople and to derive active solutions, as the economic hardships for citizens have intensified due to the aftermath of martial law, heavy snow damage, and the expectation of continued high inflation and interest rate hikes, which are expected to make business activities even more challenging."

The meeting discussed ▲response measures and support plans amid increasing economic uncertainty ▲budget execution related to business support ▲emergency support for companies affected by heavy snow. Businesses particularly requested ▲rapid recovery from heavy snow damage ▲measures for temporary structures vulnerable to heavy snow ▲strengthening public-private networking.

Mayor Jeong said, "Due to the unstable economic and political situation, the internal and external difficulties felt by local businesspeople are expected to be greater than ever. We will do our best to reflect the businesses' suggestions in policies and to promote effective livelihood stabilization policies that citizens and businesses can tangibly feel."

The city plans to actively execute the budget for supporting the revitalization of the livelihood economy as soon as the next year's main budget is finalized to alleviate business difficulties. Earlier, on the 21st of last month, the city announced at a livelihood economy revitalization strategy meeting chaired by the vice mayor that it would allocate 406.4 billion won for 62 projects across seven sectors to revitalize the livelihood economy next year.

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