Dongjak-gu Provides Employment Retention Support Fund for Small Business Owners Affected by COVID-19

Support of up to 500,000 KRW per month for 2 months for unpaid leave workers at small businesses with fewer than 5 employees... Unpaid leave of 5 days or more during the period (2.23.~3.31.)... Apply by the 10th

[Asia Economy Reporter Jongil Park] Dongjak-gu (Mayor Changwoo Lee) is providing employment retention support funds for unpaid leave periods to prevent unemployment and maintain the livelihood of workers at small business enterprises struggling with management difficulties due to the prolonged COVID-19 pandemic.

The supported industries are those severely affected by COVID-19, including ▲tourism businesses ▲wholesale and retail trade ▲accommodation and food services ▲technology startup companies.

The eligible recipients are insured employees under employment insurance who are on unpaid leave at small business enterprises with fewer than 5 employees in Dongjak-gu as of the application date. However, sole proprietors with only one worker in the business are excluded.

Based on actual working days excluding Saturdays, Sundays, and public holidays, 25,000 KRW per day will be paid up to a maximum of 500,000 KRW per month for 2 months. Support is limited to one person per business, and up to two persons for tourism businesses.

For applicants in April, unpaid leave of 5 days or more between February 23 and March 31 will be recognized for up to 25 days. From May until the end of the situation, up to 20 days will be recognized based on the previous month.

The application period is from the 1st to the 10th of each month. While the business owner of the small business is the primary applicant, the unpaid leave worker may also apply.

Residents wishing to apply can visit the Economic Promotion Division of the district office or download the form from the district website and submit it via ▲email (dongjak820@citizen.seoul.kr) ▲registered mail (based on postmark date) ▲fax (☎820-4083).

To assist busy small business owners, the district will select and operate an employment retention support fund team that visits businesses directly to receive applications upon request. For the visiting application service, inquiries can be made to the Economic Promotion Division.

The district will review applications, calculate the payment amount, and directly transfer funds to the recipients' accounts by the 22nd of each month. As of 2018, there were a total of 6,464 small business enterprises with fewer than 5 employees (excluding sole proprietors) in Dongjak-gu.

Kim Jungwon, head of the Economic Promotion Division, stated, "This is a measure to stabilize employment at small business enterprises affected by COVID-19 and to maintain the livelihood of workers. We will continue to make every effort to minimize the damage to small business owners."

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