Yangpyeong County Takes Preemptive Action by Launching "Middle East Crisis Response Emergency Economic TF"

TF of 13 Members Formed, Operations Begin on April 1
Crackdown on Speculation Including Hoarding
Full Efforts for Economic Stability Felt by Residents, Including Freeze on Public Utility Fees

Yangpyeong County in Gyeonggi Province (Governor Jeon Jinseon) announced on April 1 that it held the “Emergency Livelihood and Economy Countermeasures Meeting” on March 31 and will launch the “Middle East Crisis Response Emergency Economic Task Force (TF)” starting April 1 to proactively address oil price and inflation instability resulting from the Middle East crisis.

Jin Sun Jeon, the Mayor of Yangpyeong County, held the Emergency Livelihood and Economic Countermeasure Meeting on the 31st. Provided by Yangpyeong County

This Emergency Economic TF is led by Yangpyeong County Governor Jeon Jinseon as head, with Deputy County Governor Oh Gwangseok as deputy head, and is comprised of a total of 13 members, including the Administrative Support Team and the Livelihood Economy Team.

The TF will operate continuously until the situation in the Middle East stabilizes and aims to establish an organic linkage system between regular monitoring and on-site, hands-on administrative support.

The Administrative Support Team plans to review the allocation of emergency funds, such as reserve budgets, to respond to the crisis. It will also focus on promptly and accurately disseminating oil price information and economic trends to prevent market disruption and alleviate public anxiety among county residents.

The Livelihood Economy Team will focus on on-site response and stabilizing everyday life. It will monitor the trends of major daily necessities and consumer prices, and will crack down on illegal speculation such as hoarding. In addition, the team will: △ maintain the freeze on public utility fees such as volume-based waste bags △ consider tax support for companies facing business difficulties and small households △ revitalize the local economy through early implementation of public procurement projects and prompt payment of funds △ ensure timely payment of oil price subsidies to the transportation industry △ strengthen monitoring of agricultural material supply △ promote energy conservation in the public sector and turn off lights at public facilities (such as Yangpyeong Terrace), among other practical support measures.

Governor Jeon Jinseon of Yangpyeong County stated, “It is especially important for local governments to respond proactively and systematically in times of growing external economic uncertainty,” adding, “We will establish a stable livelihood economic foundation that residents can feel, and provide attentive, on-site administrative support by directly listening to and resolving the difficulties of small business owners and farmers.”

Yangpyeong County will continue to regularly monitor domestic and international economic indicators and local price trends, and plans to respond swiftly in accordance with crisis-level response guidelines.

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