Yeongyang County Secures Livelihoods with Consumption Coupons... Honored as Outstanding Local Government in Program Execution
Securing a Special Grant of 150 Million Won
A small but robust administrative force has sent ripples through the local economy, replenishing the shopping baskets of ordinary citizens.
On December 10, Yeongyang County in North Gyeongsang Province (Governor Oh Dochang) was selected by the Ministry of the Interior and Safety as an outstanding local government in the execution of the "Livelihood Recovery Consumption Coupon" program.
As part of the incentive, the county will receive a special grant tax of 150 million won within December.
The Livelihood Recovery Consumption Coupon was implemented as an extraordinary measure to revitalize consumption and boost sales for small businesses and self-employed individuals, distributed in two phases to support the recovery of the local economy.
To promote the use of the Livelihood Recovery Consumption Coupon, Yeongyang County collaborated with each department and town/village officials to visit and register businesses individually. As a result, the franchise membership rate among all businesses increased significantly from 50.3% to 90.4%.
In addition, responding to requests to revitalize the stagnant traditional market and to hold community events involving local residents, the county hosted the "1st Yeongyang Hometown Market Festival." This contributed to the widespread use of the Livelihood Recovery Consumption Coupon and helped establish a stronger economic foundation in the region.
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Director Lee Insu stated, "I hope the Livelihood Recovery Consumption Coupon has provided tangible support for the stability of residents' livelihoods and the revitalization of local businesses," adding, "We will continue to strengthen outreach administration for the elderly and vulnerable groups."
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