In response to economic difficulties stemming from rising international tensions and inflation, Gyeongnam Province has announced a living support fund of 100,000 won for every resident. Gyeongnam Governor Park Wan-soo explained that the combination of high prices, exchange rates, and interest rates has significantly strained consumer capacity in the province. To prevent the recently revived Gyeongnam economy from stalling, the provincial government has deemed it essential to implement proactive fiscal policies. The support fund will be distributed to eligible residents from May 1 to June 30, 2023, aimed at boosting local consumption.

The financial assistance will reach all residents registered in Gyeongnam as of March 18, 2026, including foreign marriage migrants and permanent residents. Applications can be made online or at local administration centers, with a general principle that adults over 19 must apply individually while heads of households may apply for minors. To assist elderly or mobility-impaired residents, the province will also offer a 'home visiting application service'. The funds must be used from May 1 to July 31, 2023, after which any remaining balance will expire, and the support will be provided in the form of local love gift certificates or prepaid bank cards usable only within designated areas to foster local economic activity.

The total budget for this initiative amounts to 328.8 billion won, which will be financed through supplementary budgets without additional state support or local bond issuance. The Democratic Party of Korea welcomed the measure, stating it alleviates economic pressures on residents amid current economic hardship. However, concerns were raised regarding the timing of the rollout, just before the upcoming local elections, with critics suggesting it may be politically motivated. In response, Governor Park reaffirmed that addressing the livelihoods of residents is a fundamental duty of the provincial leadership, emphasizing the urgency of the situation.