Hampyeong County in South Jeolla Province has approved its first supplementary budget since the launch of the 9th civil election, allocating 500,000 won per resident to be distributed before Chuseok. This initiative aims to assist residents facing difficulties due to high prices and reduced consumption, while also revitalizing the local economy.
On July 30, Hampyeong County announced that the second supplementary budget was approved during the 313th Hampyeong County Council's extraordinary session, totaling 627.2 billion won.
This supplementary budget represents an increase of 29.97 billion won (5.02%) from the first supplementary budget of 597.2 billion won. The general account is set at 602.6 billion won, with funds allocated to stabilize livelihoods, recover the local economy, and support key projects based on changing financial conditions and additional fiscal needs.
The most notable initiative is the livelihood recovery support fund, which will provide 500,000 won to each resident. A total budget of 15.11 billion won has been earmarked for this program.
The support fund will be distributed in accordance with the "Hampyeong County Livelihood Recovery Support Fund Ordinance," aimed at alleviating the financial burden on residents and promoting local consumption to create a virtuous cycle in the local economy.
Eligible recipients include residents registered in Hampyeong County as of July 1, 2026, including marriage immigrants and permanent residents.
The funds will be issued in the form of prepaid cards, which must be used by December 31 of this year.
Applications and disbursements will begin on September 7 at local administrative offices. The county plans to expedite payments before Chuseok to reduce the financial burden of holiday shopping and enhance consumption in local businesses, particularly benefiting small merchants and self-employed individuals. All payments are expected to be completed by October 8.
In addition to the livelihood recovery support fund, the supplementary budget includes 40 national and municipal subsidy projects totaling 14.86 billion won. The funding is sourced from additional general grants and national and municipal subsidies, with budget reallocations made to address fiscal needs and ongoing projects since the first supplementary budget.
Hampyeong County plans to continue prioritizing financial support for projects closely related to residents' lives while also seeking to identify and promote initiatives that stimulate the local economy and lay the groundwork for future growth.
Lee Nam-o, the mayor of Hampyeong County, stated, "As this is the first supplementary budget since the launch of the 9th civil election, we focused on ensuring that residents can feel the benefits through livelihood stabilization and local economic recovery. I hope the livelihood recovery support fund will help alleviate the financial burden on residents and invigorate the local economy."
Meanwhile, Hampyeong County plans to continuously monitor the impact of the livelihood recovery support fund on local consumption and analyze its economic ripple effects after disbursement.
* This article has been translated by AI.
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