[Gyeonggi] On the first day of "Suwon Pay"...Suwon City Makes a Step to Revive the People's Economy

[Anchor]
In the aftermath of the impeachment and the Muan disaster of the Jeju Air passenger plane, the local economy is showing no signs of recovery even in the new year.

Suwon City has started to revive the people's livelihood economy by expanding local currency incentives and early execution of local job budgets.

Reporter Choi Myung-shin reports.

[Reporter]
It is the restaurant street in Ingye-dong, the busiest street in Suwon.

In the aftermath of last year's emergency martial law and the Muan Airport aircraft disaster, specialties completely disappeared at the end of the year and the beginning of the year.

[A (Ssambap restaurant) / Ingye-dong, Suwon-si, Gyeonggi-do: Since the atmosphere is so down right now, it's not like we're drinking, so a lot of them are being canceled.]

In response, Suwon City has started to revive the local economy and commercial districts.

The charging limit for "Suwon Pay," a local currency, was raised from 300,000 won to 500,000 won per month in the new year, and incentives were raised from 7% to 10%.

If you charge 500,000 won, you will receive 50,000 won more, and you will pay 50,000 won more in January when there is a Lunar New Year holiday and October when there is Chuseok.

Then, 10 billion won in January was exhausted in the morning of the new year, and an additional 5 billion won was urgently organized.

[Lee Jae-joon / Suwon Mayor: We selected local currency as the best policy that local governments can do, and we want to revitalize the region through this.]

Suwon City, which has set aside 545 billion won in the local job budget, plans to execute the budget early to warm up the local economy.

It also decided to reduce interest costs for small and medium-sized businesses by nearly half with 100 billion won in loans.The city of

also decided to place the city's top priority on helping the people's economy, such as regularizing shopping for traditional markets in Suwon once a month.

I'm YTN's Choi Myung Shin.