Trade4go Summary
Mokpo Fisheries Cooperative (Chairman Kim Cheong-yong) held a board meeting on the 16th and made a sudden decision to approve a total of 625 million won in 'Special Living Stability Support Funds' for its members who are facing financial difficulties due to the sharp rise in oil prices caused by the prolonged Middle East war (photo). This support fund is a special measure to provide a real economic safety net and ensure the living stability for members who are experiencing increased burdens in daily living expenses due to high oil prices and high cost of living. Notably, Mokpo Fisheries Cooperative included 200 million won in expenses related to the Pung-eo Festival, a major event in the regional fishing industry, to secure funds, along with expenses for a fisheries development workshop and member welfare enhancement.
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Original content
Mokpo Fisheries Cooperative (Chairman Kim Cheong-ryong) held a board meeting on the 16th and made a surprise decision to provide a total of 625 million won in "Special Living Stability Support Funds" for its members who are facing financial difficulties due to the sharp rise in oil prices caused by the prolonged Middle East war. This support fund is a special measure designed to provide a real economic safety net for members who are struggling with increased living expenses due to high oil prices and high inflation, and to ensure their living stability. In particular, the Mokpo Fisheries Cooperative allocated a total budget of 625 million won, including 200 million won related to the cost of the Wind Fishing Festival, a major event in the local fishing industry, as well as funds for a fisheries development workshop and member welfare improvement, as the Special Living Stability Support Fund. Among the members, there is praise that Chairman Kim Cheong-ryong's genuine ...