66 'Good Franchise' Sharing Pain... 70,000 Beneficiary Franchise Stores
Minister Park Young-sun of the Ministry of SMEs and Startups Expresses Gratitude... Listens to Corporate Suggestions for Expanding Franchise Sales and More
On the 12th, Park Young-sun, Minister of SMEs and Startups, is giving an opening speech at the 'Good Franchise' discussion meeting related to COVID-19 held at Dream Square in Mapo-gu, Seoul.
View original image[Asia Economy Reporter Kim Cheol-hyun] The number of "Good Franchises" sharing the pain of franchise owners affected by the spread of the novel coronavirus infection (COVID-19) has increased by 19 from last week to a total of 66. The number of beneficiary franchise stores has also reached 70,000.
On the 12th, Park Young-sun, Minister of SMEs and Startups, announced this while continuing the schedule to expand the Good Franchise movement at Dream Square in Mapo, Seoul. On this day, franchise headquarters that joined the Good Franchise movement included Yeokjeon FNC, Anhouse, Sulbing, S&S Company, and Wellbeing-eul Mandeuneun Saramdeul. These five franchises are supporting their franchise stores with a total of 2.8 billion KRW through up to two months of reduced franchise fees and cash support.
On this day, the representatives of the franchise headquarters requested the government to promote government support policies extensively so that franchise owners can fully utilize them, and also asked for measures to expand the overseas advancement of domestic franchises. Minister Park said, "We plan to provide low-interest support up to a limit of 6 billion KRW for Good Franchise headquarters," and added, "We will also support material costs, promotion, and marketing expenses for stores damaged by confirmed COVID-19 cases."
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Meanwhile, Minister Park participated in the "Flower Bucket Challenge" campaign on the same day and delivered a message of support for overcoming COVID-19. The Flower Bucket Challenge was started last month by the Jeju Small Business Association to help small flower industry merchants and farms struggling due to the cancellation of various events such as graduation ceremonies caused by the COVID-19 impact, with at least 100 participants in Jeju alone.
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