Pyeongtaek City Holds 'Emergency Economic Measures Briefing' to Prepare for 3 High Risks

Discussion on Measures to Revitalize Industry, Jobs, and Regional Economy

On the 22nd, Pyeongtaek City in Gyeonggi Province announced that it held an 'Emergency Economic Measures Report Meeting' on the 19th at the city hall's comprehensive situation room, chaired by Mayor Jeong Jang-seon, to prepare measures to revitalize the local economy in response to the so-called three highs (high exchange rates, high prices, and high interest rates) crisis.

Attendees are discussing key issues at the Pyeongtaek City Emergency Economic Measures Report Meeting.
[Photo by Pyeongtaek City]

At the meeting, the city decided to review support projects such as securing management funds for small and medium-sized enterprises (SMEs), as difficulties are expected due to rising raw material prices caused by soaring oil prices and increased uncertainty in energy supply chains in the industrial sector.

In the taxation sector, the city plans to frequently check local tax collection forecasts and expand financial resources by discovering omitted tax bases, conducting planned tax investigations throughout the year, and implementing special collection measures for high-amount delinquents to increase delinquent tax collection.

Additionally, to expand job opportunities, the city will hold a large-scale job fair for job seekers and employers within this month, and promote projects such as special guarantees for small business owners, interest subsidy support for loans, and revitalization of neighborhood commercial communities.

Welfare measures for vulnerable groups were also discussed. The city intends to continuously identify and support crisis households in the welfare blind spots that are difficult to assist within the formal system, and actively support the self-reliance of vulnerable groups by expanding participation in senior job projects and self-support projects.

To particularly activate the construction industry, which has a significant effect on the local economy, the city plans to expand communication with local construction companies, sign agreements with large construction firms, and continuously check the use plans and performance confirmation documents of local companies at the start and completion of construction through collaboration with the permitting departments.

Mayor Jeong said, "The domestic and international factors have caused an economic downturn, shrinking the consumer market and making the local economy difficult," and added, "Especially for the vulnerable groups facing difficulties, please strive to discover proactive measures that local governments can take in each sector and reflect them in the livelihood stabilization measures."

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