Gwangju Nam-gu Recognized as 'Excellent' in Ministry of the Interior and Safety's Local Price Stability Management Evaluation

Secured 25 Million KRW in Special Grant Tax

Exterior view of Gwangju Namgu District Office.

Gwangju Nam-gu (District Mayor Kim Byungnae) announced on the 6th that it has been selected as an excellent local government in the 2024 Local Price Stabilization Management Evaluation, organized by the Ministry of the Interior and Safety, and has secured a special grant of 25 million KRW.

The Ministry of the Interior and Safety evaluated the performance of 243 local governments nationwide from November 2023 to October last year to encourage active participation in local price stabilization efforts.

During this period, the evaluation focused on the management of local public utility fees, support for the activation of Good Price Stores, the inflation rate of personal service charges, and efforts to stabilize local prices by each local government.

Despite inflationary pressures, Nam-gu promoted the stabilization of local public utility fees by freezing the price of volume-based waste bags. In addition, during this era of high prices, a joint public-private price monitoring team checked price fluctuations for 45 personal service items 197 times, striving to stabilize prices for ordinary citizens.

Furthermore, Nam-gu increased the number of Good Price Stores that contributed to price stabilization through cost reduction, and provided various incentives such as discounts on water and sewage fees, air conditioner cleaning, and sanitary supplies to these stores, thus actively promoting Good Price Stores and earning the honor of being selected as an excellent local government.

Currently, there are 53 Good Price Stores in Nam-gu, an increase of 17 from 36 last year.

Additionally, meetings were held with merchants at traditional markets such as Bongseon Market and Mudeung Market to request price stabilization measures to curb price increases.

As a special policy, Nam-gu collaborated with Gwangju Credit Guarantee Foundation, Gwangju Bank, and local Saemaeul Geumgo to implement a financial support project for small business owners, thereby pursuing both business stabilization and price control.

A Nam-gu official stated, "We have done our best to manage local prices so that residents can maintain a stable life and to reduce the burden on ordinary households caused by rising prices," adding, "We will continue to manage prices that are directly linked to residents' lives in a stable manner."

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