Muan County to Provide 100,000 Won Livelihood Recovery Support Fund Starting from the 2nd of Next Month
Supplementary Budget of 9.4 Billion KRW Secured for Economic Recovery
Muan County, South Jeolla Province (Governor Kim San) announced on the 28th that it will begin distributing the Livelihood Recovery Support Fund, intended as a catalyst for the recovery of the local economy, starting from the 2nd of next month.
The county is currently facing significant economic difficulties due to a prolonged economic downturn, reduced consumption caused by the political turmoil of martial law and impeachment, and, most recently, the severe impact on the local economy from the December 29 Jeju Air passenger plane accident.
In response, a supplementary budget was allocated to expedite economic recovery, securing a budget of 9.4 billion KRW to provide 100,000 KRW per resident as a Livelihood Recovery Support Fund to all county residents.
The support fund will be distributed starting from the 2nd of next month, when the foot-and-mouth disease situation is expected to stabilize. For three days until the 4th, civil servants will deliver the funds directly, and after that, residents can collect them at their local town or township offices until the 30th. Residents of Namaek and Oryong can receive their funds at the Namaek Community Center.
Eligible recipients are residents who have had their address registered in Muan County from the 20th until the date of payment. Approximately 93,700 residents will each receive a 100,000 KRW Muan Love Gift Certificate. The county recommends that the support fund be used by June 30 to maximize its positive impact on the local economy.
Governor Kim San stated, "We expect this support fund to serve as a catalyst for economic recovery and the revitalization of local businesses," and added, "We hope all residents will receive their funds without exception by the end of April."
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