Changwon City to Provide Up to 1 Million Won Support for Voluntary Closure of Karaoke Rooms and Entertainment Bars

[Asia Economy Yeongnam Reporting Headquarters, Reporter Kang Sharon] Changwon City in Gyeongnam announced on the 10th that it will provide management stabilization funds to small business owners in the region who are experiencing economic difficulties due to the novel coronavirus infection (COVID-19), and will also provide closure support funds to businesses that voluntarily close multi-use facilities.

The management stabilization fund will be paid at 500,000 KRW each to small business owners operating workplaces within Changwon City, and they must be registered as both paper and mobile franchisees of 'Nubijeon (Changwon Love Gift Certificate)'. Registration for Nubijeon can be done simultaneously with the application for management stabilization fund support.

However, support is not available for industries excluded from small business policy fund loans (designated by the Ministry of SMEs and Startups, etc.) such as gambling, entertainment, finance/insurance, pharmacies, and professional occupations, as well as non-profit businesses and non-store retail businesses.

The closure support fund will provide 500,000 KRW if the business owner of the eligible facility voluntarily closes for more than 10 days during the period of intensified social distancing from March 21 to April 19, and an additional 100,000 KRW per day up to a maximum of 1,000,000 KRW.

The eligible facilities are karaoke rooms, PC rooms, entertainment/danran bars, clubs, colatecs, academies, gyms, sports centers, dance academies, and other facilities subject to city quarantine guidelines inspections registered (reported) in Changwon City, and applicants must submit documents proving closure at the time of application.

Changwon City plans to receive applications and make payments in May after preparing the legal basis such as revising ordinances for the management stabilization fund and closure support fund, and detailed information will be announced later through the city hall website.

Heo Seong-mu, Mayor of Changwon City, said, "We made this decision to support small business owners who are struggling due to COVID-19 and to encourage participation in social distancing," adding, "We will do our best to prevent the spread of COVID-19 as well as to revitalize the local economy."

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