Yeonggwang-gun Provides 'Business Stabilization Funds' for Small Business Owners

[Asia Economy Honam Reporting Headquarters Reporter Jeon Seong] Yeonggwang-gun, Jeollanam-do (Governor Kim Jun-seong) announced on the 2nd that it will provide 300,000 KRW in management stabilization funds to small business owners in the area as emergency livelihood support due to COVID-19.

The county plans to provide 300,000 KRW in management stabilization funds via the Yeonggwang Love Card to small business owners (businesses with fewer than 5 regular employees) with annual sales of 300 million KRW or less, who are experiencing a sharp decline in sales due to COVID-19, to help stabilize their management.

However, industries excluded from the Small Enterprise and Market Service policy fund loans, such as gambling and entertainment establishments, are excluded.

Applications can be submitted from the 7th of this month until the end of next month with an application form, a copy of the business registration certificate, a value-added tax standard certificate, and a health insurance workplace subscriber charge confirmation, which verify annual sales and regular employees, to the Investment Economy Division or the town and township offices.

Governor Kim Jun-seong said, “We are making multifaceted efforts to overcome COVID-19, including implementing emergency management stabilization fund interest subsidies and supporting special guarantees for small business owners to revive the stagnant local economy,” and added, “We expect this emergency livelihood support to be a practical help to small business owners.”

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