From the 23rd to January 24th next year... Five-Day Rotation Application
Jeongeup City in North Jeolla Province will provide a 'Livelihood Recovery Support Fund' of 300,000 won per person to support citizens struggling due to the economic downturn and to revitalize the local economy.
Jeongeup City will provide a "Livelihood Recovery Support Fund" of 300,000 won per person to citizens struggling due to the economic downturn and to revitalize the local economy. Photo by Jeongeup City
According to the city on the 19th, the support fund will be provided in the form of an anonymous prepaid card, and applications can be submitted from the 23rd until January 24th next year.
The city plans to distribute approximately 31 billion won in livelihood recovery support funds to a total of 102,647 residents of Jeongeup (including marriage immigrants and permanent residents) based on resident registration.
This support fund was prepared through strong and efficient financial management, such as stopping wasteful expenditures and reducing underperforming projects.
Mayor Lee Haksoo said, "We expect this to be an opportunity for the local economy to take off again by boosting consumption within the region and increasing sales for small business owners," adding, "Next year as well, we will strive to improve the quality of life for citizens and work towards a better future."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

