Gwangjin-gu Provides Up to 1.95 Million KRW Support to Businesses Avoided by COVID-19 Confirmed Visitors
Calculating Daily Closure Costs by Adding Daily Rent and Labor Costs... Minimum Support for 2 Days (780,000 KRW), Up to 5 Days (1,950,000 KRW)
[Asia Economy Reporter Park Jong-il] Gwangjin-gu (District Mayor Kim Seon-gap) will provide financial support to small business owners who suffered economic losses due to visits by COVID-19 confirmed cases.
This support is in accordance with the Seoul City COVID-19 Confirmed Case Visit Damage Support Plan, targeting 37 businesses that experienced damage due to quarantine measures and temporary closure following visits by confirmed cases.
The support amount is calculated by adding the daily rent based on the lease contract and the daily labor cost confirmed by the withholding tax status report, with a maximum of 390,000 KRW per day.
The recognized closure period ranges from a minimum of 2 days to 5 days. For the minimum 2 days, it is considered as the time required for business preparation and awareness transition, and a basic amount (up to 780,000 KRW) is provided to all affected businesses.
The support amount is then calculated by adding the actual number of closure days, with a maximum of 5 days (including the minimum 2 days) and up to 1,950,000 KRW.
Applications can be submitted by April 17 with the necessary documents including the application form, ID card, bankbook copy, lease contract, and withholding tax status report, either by visiting the Gwangjin-gu Office Regional Economy Division or by email (lordheart@gwangjin.go.kr). For additional inquiries, contact the Regional Economy Division.
The district plans to calculate the support amount based on the submitted applications and disburse the funds within April, with the possibility of additional applications and budget allocations depending on the situation.
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Kim Seon-gap, Mayor of Gwangjin-gu, stated, “Although immediate quarantine and closure measures were taken for businesses visited by COVID-19 confirmed cases, many businesses are suffering due to public anxiety. We are providing financial support to businesses facing economic and psychological difficulties, hoping this will be an opportunity to overcome the crisis together.”
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