Payment Before Lunar New Year... Special Boost for Local Economy
112 Billion KRW from Fiscal Stabilization Fund and Issuance of Gift Certificates

Boseong County in Jeollanam-do announced on the 17th that it will provide the "Boseong Sarang Support Fund" of 300,000 KRW per person to all residents, regardless of income or age, as part of the "Min Saeng 600" project to revitalize the stagnant local economy and promote the stability of residents' livelihoods.


The Min Saeng 600 "Boseong Sarang Support Fund" targets all residents registered in Boseong as of 6 PM on the 16th (including marriage immigrants and permanent residents), with a total budget of 11.2 billion KRW sourced from the fiscal stabilization fund accumulated since 2019.

Boseong County Office building exterior.

Boseong County Office building exterior.

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The support will be provided in the form of Boseong Sarang local gift certificates, and the recommended usage period is until June 30, 2025.


Applications and distributions will take place over four weeks from the 20th of this month to the 21st of next month. In particular, there will be a focused application period from the 20th to the 24th for residents who wish to receive the support before the Lunar New Year holiday.


For three days from the 20th to the 22nd, staff from the Eup/Myeon Administrative Welfare Centers will visit villages to distribute the support in the first round. Residents who do not receive the support during this period can apply and receive it immediately at the Eup/Myeon offices on the 23rd and 24th.


Applications can only be made in person at the Eup/Myeon Administrative Welfare Center of the applicant's registered address. The head of household must bring an ID and fill out an application form to receive the support. If a household member applies on behalf of the head of household, a power of attorney and the head of household's ID must be presented.


The county also plans to issue an additional 30 billion KRW worth of Boseong Sarang local gift certificates along with the "Boseong Sarang Support Fund," expecting a total of 41.2 billion KRW in local currency to be circulated, thereby revitalizing the local economy and boosting consumption within the region.


Kim Cheolwoo, the county governor, said, "We had planned to double the amount of public benefit subsidies for farmers, fishers, and foresters, but since this falls under universal welfare, it requires consultation with Jeollanam-do, the 22 cities and counties, and the Ministry of Health and Welfare. As such, it is not possible for Boseong County alone to increase the public benefit subsidy for farmers and fishers (40% provincial, 60% county funds). I hope this opportunity will help alleviate some of the disappointment."


Meanwhile, the "Public Benefit Subsidy for Farmers and Fishers" is being distributed to about 9,700 households with a total of 5.8 billion KRW (2.4 billion KRW from the province, 3.4 billion KRW from the county), and this "Boseong Sarang Support Fund" will provide 11.2 billion KRW to the entire population of Boseong County, which is approximately 38,000 people.





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

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