Sejong City to Support Small Businesses with 500,000 Won... Additional 500,000 Won for Practicing Social Distancing

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City will provide management stabilization support funds to small business operators. Additionally, when eligible businesses participate in the social distancing campaign, they will receive extra support funds. The maximum amount combining both support funds is 1,000,000 KRW.

The city announced on the 2nd that as part of damage support due to the spread of the novel coronavirus infection (COVID-19), it will provide an emergency management stabilization support fund of 500,000 KRW to local small business operators.

The support targets approximately 11,000 local wholesale and retail businesses, restaurants, lodging facilities, manufacturers, etc., with annual sales of 300 million KRW or less.

The city plans to select eligible businesses and begin accepting applications through the local eup/myeon/dong community service centers from the end of this month.

Separately, the city will provide an additional 500,000 KRW to multi-use facilities that voluntarily participate in the social distancing campaign. The targets include karaoke rooms, PC rooms, sports facilities, etc., that were closed for more than one week between the 23rd of last month and the 5th of this month. So far, a total of about 800 places have been identified as eligible.

Lee Chun-hee, Mayor of Sejong City, said, “The city plans to focus on supporting small business operators without overlapping with the government’s emergency disaster relief payments.”

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