Gyeongsan-si Supports Interest Burden for Small Business Owners... Gradual Discounts on Water Bills

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Young-wook] Gyeongsan City, Gyeongbuk Province, has prepared support measures for small business owners struggling due to the novel coronavirus infection (COVID-19).

On the 20th, Gyeongsan City announced that it will invest over 600 million won to support special guarantee loans and interest burdens to stabilize the management of small business owners with fewer than 10 employees.

For individual road occupiers, 25% of the 668 million won (1,973 cases) charged over three months will be waived.

Also, water bills for April and May will be discounted according to water usage: full discount for less than 100 tons, and up to 50% discount for over 100 tons, divided into six stages. Approximately 18,000 business sites' small business owners will benefit by about 1.6 billion won.

In addition, the city plans to issue Gyeongsan Love Gift Certificates worth 10 billion won in early next month to help increase the income of small business owners and self-employed people.

For 467 city-owned stores in three public markets?Gyeongsan Public Market, Hayang Kkumbau Market, and Jain Market?the city will also waive about 76 million won in second-term store taxes.

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