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Incheon Offers 1.2 Trillion won in Back-to-Normal and Livelihood Support Grants

Incheonis offering 1.2 trillion won in Back-to-Normal and Livelihood Support Grantsfor facilitating its citizens to go back to normal in a prompt manner.  The city plans to accelerate the economicrecovery through the ‘livelihood support’ based on ‘Incheon-type Disease SpreadControl Measures,’ in which sustainable ‘normality’ is maintained.

 

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▲Incheon held a media briefing with the Speaker of the City Council and theGovernors of 10 counties and districts in the Empathy Meeting Room in the Cityon 11th, where they announced the ‘City of Incheon Back-to-Normal, LivelihoodSupport Plan’


Major Park Namchoon held a media briefing with the Speaker of the City Counciland the Governors of 10 counties and districts in the Empathy Meeting Room inthe City on 11th, where they announced the ‘City of Incheon Back-to-Normal,Livelihood Support Plan’

 

Incheonplans to implement Incheon Back-to-Normal, Livelihood Support Plan in the twotracks of ‘Incheon-type Livelihood Support Measures’ and ‘Incheon-type DiseaseSpread Control Measures,’ for prompt restoration of normality and livelihood.

 

First,the Incheon-type Livelihood Support Measures amounts to a total of 1.624trillion won (or 2.3272 trillion won, if the financial supports are included),which is composed of ▲ Consumption Support Fund 543 billion won, ▲ SpecialSupport for Affected Industries 210.1 billion won, and ▲ Job and LivelihoodSupport 409.3 billion won.

 

MayorPark said, “The Incheon-type Disease Spread Control Measures and Incheon-typeLivelihood Support Measures will be focused heavily on the most severelyaffected sectors, while we concentrate our efforts on small businesses over ashort period utilizing Incheon e-Eum to ensure consumption is maximized” as hedescribed the Incheon-type Livelihood Support Measures.

 

Theconsumption support fund amounts to 543 billion won, which is composed of ▲ 301billion won for the Back-to-Normal Support, in which every citizen will be paid100,000 won, ▲ 219.2 billion won for maintaining the 10% ceiling for theIncheon e-Eum cashback program (until the budget in 2022 is spent entirely),and ▲ 10.2 billion won for the Support for the Child-Care Disasters for Infantsand Toddlers, etc.


Mayor Park said, “For helping the citizens of Incheon going back tonormal,  the city will pay all of the 3million citizens of Incheon with 100,000 won each as the Back-to-Normal SupportGrant,” and added, “The application process and payment will start from the endof December this year.”

 

A totalof 210.1 billion won will be assigned to the provision of special supports toaffected industries. ▲ To small businesses (where the annual sales are not morethan 300 million won) or the business owners who closed their businesspermanently now will be paid 250,000 won each from the January of next year.For this, the city plans to assign 55 billion won and 14 billion won,respectively.

However,the exact timetable of the support program may vary, depending on the scheduleof the payment of damages by the Ministry of SME and Startups. 

 

MayorPark said, “While many citizens suffered difficulties because of COVID-19, thesmall businesses are particularly deep in trouble. Therefore, the city decidedto pay each of the small businesses and those who already closed their business250,000 won each, within January of the next year.”

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▲For assisting its citizens in returning to normal as fast as they can, the citywill pay a 100,000 won Back-to-Normal grant to each of the 3 million citizensof the city. The application process and payment will start at the end ofDecember so that the citizens can spend money on the eve of the new year.


Also, the city will be spending ▲ 23 billion won for helping small businesseswith their operational burdens, ▲ 64.6 billion won for SMB invigorationprograms, ▲ 34.3 billion won for the public-good benefits for farmers andfishers, and ▲ 2.8 billion for the tourism, MICE, culture, and art industries.

 

The citywill dole out a total of 409.3 billion won for job security and livelihoodprograms. ▲ Rent Support for Youth (200,000 won each month, 2.4 million won peryear) will be funded with 10.6 billion won, to help to pay 4400 beneficiaries topay their monthly rent for the livelihood of the youth, concentrating130.4billion won for employment benefits. ▲ The city will also invest some 278.9billion won for increasing the public sector jobs for the low-incomepopulation, including women and the elderly.

 

About theIncheon-type Disease Spread Control Measures, the city will change its stancefrom the previous ‘Overkill’ approach to ‘maintaining sustainable diseasecontrol measures,’ which will be based on cooperation with the civil society.

 

As fortesting and spread control measures, the city will maintain its capacity totest up to 5,000 people in 24 hours by the public sector. The key diseasecontrol instructions will be enforced while step-wise back-to-normal programswill be in effect. Any industries or areas with an outbreak will be subject toan immediate administrative order, as a part of the city’s flexible diseasecontrol approach.

 

The citywill also focus its effort to get the vaccine to the arms of more citizens.They will be offering vaccination incentives to all citizens (ex: 50% discountfor the home game of Incheon United on November 28th) and provide consultationfor each category of reasons avoiding vaccination, as a part of the city’seffort to increase the proportion of the citizens who got vaccinated.

 

Thecity will also build up its readiness in terms of treatment. While the mainstaywill be treated at home, the treatment system will be operated depending on thetypes of patients. The city also prepared a plan to secure up to 1,400 hospitalbeds in case the number of daily confirmations exceeds 500.


 

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