Korea Local Finance Association Delivers 30 Million Won to Gapyeong County
30% Support of Disaster Recovery Mutual Aid Fees
Backing Recovery Efforts for Residents Affected by Heavy Rain
Gapyeong County in Gyeonggi Province announced on the 18th that it had received a financial support fund of 30 million won for the special disaster area from the Korea Local Finance Association in the governor's office on the 17th.
Seo Taewon, the governor of Gapyeong County, received a financial support fund of 30 million won for the special disaster area from the Korea Local Finance Association on the 17th at the governor's office. Provided by Gapyeong County
View original imageThis special disaster area financial support fund was calculated in accordance with the Korea Local Finance Association's "Special Disaster Area Disaster Recovery Financial Support Rules." According to these rules, local governments declared as special disaster areas receive support equivalent to 30% of the previous year's disaster recovery mutual aid membership fee for buildings and facilities, with an annual maximum limit of 100 million won. Gapyeong County paid approximately 98.8 million won in disaster recovery mutual aid membership fees last year and has now received 30 million won in support.
Park Yongah, head of the Metropolitan Center at the Korea Local Finance Association, said, "We hope this financial support fund will provide practical help for Gapyeong County's prompt recovery and for residents to return to their daily lives. The association will continue to actively support the financial stability of local governments and their disaster response efforts."
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Governor Seo Taewon stated, "We will ensure that the financial support fund we have received is used meaningfully for the stabilization of residents' lives and disaster recovery, especially for those who suffered significant damage from the heavy rains. The county will continue to focus all administrative resources so that affected residents can return to normal life as soon as possible."
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