Incheon City Provides Close Support to Small Business Owners... Financial Adjustment and Relief from Unfair Damage

Incheon City Hall

[Asia Economy Reporter Park Hyesook] Incheon City announced on the 6th that it will strengthen close support for small business owners through the Incheon Small Business Owners and Low-Income Financial Welfare Support Center.

The center, which provides customized services for small business owners and financially marginalized individuals, will conduct frequent capacity-building training for small business owners and carry out support projects such as management consulting (360 sessions), business environment improvement (100 locations), and Our Village Merchants Association (5 locations) this year to resolve management difficulties and revitalize shopping districts.

Additionally, to foster and support urban-type small manufacturers, the center plans to designate and operate small manufacturer clusters, support export product certification acquisition, build small manufacturer networks, and support technology exchange meetings.

The center also provides counseling and financial support for debt adjustment (bankruptcy discharge, personal rehabilitation, workout) to help small business owners recover economically.

To improve access to low-income financial welfare for the financially marginalized, the center conducts outreach counseling projects in cooperation with the Korea Legal Aid Corporation, Traffic Training Institute, and district and county offices, while strengthening education for the financially marginalized to prevent financial exclusion issues in advance and to detect those in crisis early, establishing a proactive support system.

Furthermore, a financial psychology coaching project will be conducted for those suffering from debt collection and pressure.

The center also focuses on counseling and relief support projects for unfair trade and commercial lease damage, strengthening sector-specific surveys to provide information and serve as basic data for policy formulation. To establish fair trade and enhance counseling center accessibility, the 'Visiting On-Site Counseling Service' will be expanded.

Um Gijong, head of the Incheon Small Business Owners and Low-Income Financial Welfare Support Center, stated, "We will continuously communicate with small business owners to reflect their voices from the field and make every effort to stabilize their management, support economic recovery, and provide relief from unfair damage."

This content was produced with the assistance of AI translation services.