Gwangyang Launches 'Livelihood Stabilization Consumption Promotion Council'

First Meeting Held on the 3rd

Gwangyang City, Jeonnam, announced on the 4th that it has designated the period from January to March this year as the consumption promotion period, based on the judgment that economic revitalization for citizens can only be achieved if consumption recovers. The city held the first meeting of the 'Livelihood Stability Consumption Promotion Council' at the Gwangyang Seafood Distribution Center on the 3rd.

The 'Livelihood Stability Consumption Promotion Council,' launched on the 22nd of last month, includes local companies and major economic organizations such as the Gwangyang Chamber of Commerce and Industry, POSCO Gwangyang Steelworks, Gwangyang Steelworks Partners Association, POSCO Labor Union, various industrial complex councils, the Gwangyang Small Business Association, the Regional Business Association, the Gwangyang Economic Revitalization Movement Headquarters, and Gwangyang YWCA.

Gwangyang City designated the period from January to March this year as the consumption promotion period and held a 'Livelihood Stability Consumption Promotion Council' meeting at the Gwangyang Seafood Distribution Center on February 3. Photo by Gwangyang City

The council members plan to actively promote consumption-boosting campaigns in cooperation with Gwangyang City and swiftly and boldly carry out their respective roles by sector.

To promote consumption, Gwangyang City will implement 15 detailed projects in 5 areas, including: rapid execution of local government finances in the first half of the year; expanded issuance and promotional events for the Gwangyang Sarang Gift Certificate; customer appreciation events at traditional markets; emergency support for travel agency marketing expenses; early payment of public benefit subsidies for farmers and fishermen; compensation for rice loss; emergency management stabilization funds for pear farmers; and emergency support for low-income and vulnerable elderly groups.

Companies will also contribute to revitalizing the local economy by: expediting planned investments and business orders; increasing participation of local companies in subcontracting; purchasing various materials within the region; selecting local products for prizes and souvenirs; and promoting the use of Gwangyang Sarang Gift Certificates and Onnuri Gift Certificates.

Small business and private economic organizations will help vitalize local commerce by: attracting customers through friendly service and quality assurance; carrying out various consumption promotion campaigns; and promoting the purchase and use of local products and Gwangyang Sarang Gift Certificates.

At the meeting, Park Jongil, Deputy Head of Administration at Gwangyang Steelworks, stated, "We will review and ensure that planned investments and business orders proceed smoothly, and consider ways to expand opportunities for local companies to participate. Even after today's meeting, we will continue discussions with stakeholders and do our best to revitalize Gwangyang City's economy."

The Gwangyang Steelworks Partners Association, Gwangyang Chamber of Commerce and Industry, and POSCO Labor Union also expressed their commitment, saying, "We will actively cooperate so that the local economy can overcome the crisis and achieve sustainable growth." In particular, the POSCO Labor Union announced that it plans to use the mutual growth fund in Gwangyang City.

Lee Hwayeop, Director of the Future Industry Bureau, said, "We will continue to review and share the progress and achievements with council members until the end of the consumption promotion period in March, and do our utmost to boost consumption."

Mayor Jung Inhwa of Gwangyang stated, "To overcome the current economic crisis, boosting consumption and ensuring the virtuous circulation of local funds is essential. Through council meetings, institutions and organizations will cooperate closely, and we will do our best to achieve tangible economic recovery in the first half of the year."

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