Gyeonggi-do Provides Up to 900,000 KRW Monthly Rent Support for Self-Sufficiency Enterprises
[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province will provide emergency rent support to 'self-reliant self-sufficiency enterprises' in the province that are struggling with management difficulties due to the impact of COVID-19.
Self-reliant self-sufficiency enterprises are self-sufficiency enterprises with fewer than five members, either non-corporate self-sufficiency enterprises or corporate self-sufficiency enterprises established less than three years ago.
Gyeonggi Province announced that it will provide temporary rent support to small self-reliant self-sufficiency enterprises facing crises due to reduced consumer sentiment and decreased sales, and will accept applications by visit or email (gpsc1@hanmail.net) through the Gyeonggi Metropolitan Self-Sufficiency Center Enterprise Support Team (070-8633-8400) from the 13th of this month until June 30.
According to the sales status of self-sufficiency enterprises identified by Gyeonggi Province, company A, a party and event company specializing in event decorations, saw a sharp decline in sales in the first quarter due to consecutive contract cancellations. Companies B and C, operating cafes and snack bars, also experienced sales decreases of 55% and 50%, respectively, compared to the same period last year due to a sharp drop in customers.
Accordingly, the province decided to urgently support rent for three months in the form of actual expense support up to a maximum of 900,000 KRW per month, investing a total of 75 million KRW in 35 self-reliant self-sufficiency enterprises in sectors such as dining, handicrafts, printing, and laundry.
Selected companies will receive support as quickly as possible starting from this month's rent payment.
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Lee Byung-woo, Director of the Welfare Bureau of the province, emphasized, "We expect this support to help self-sufficiency enterprises striving for independence despite difficult conditions caused by COVID-19," adding, "We will continue to discover and promote various policies along with expanding infrastructure to support the independence of low-income groups."
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