Gwanak-gu Expands Employment Retention Support Fund for Unpaid Leave Workers Affected by COVID-19

Expanding Eligibility and Implementation to Provide Benefits to More Unpaid Leave Workers... Diverse Efforts to Revitalize Local Economy Including Financial Support for Small Businesses and Small Merchants

[Asia Economy Reporter Park Jong-il] Gwanak-gu (District Mayor Park Jun-hee) is expanding and implementing support for the 'Employment Retention Subsidy' for workers at small business owners' establishments who are struggling due to COVID-19.

This is to help prevent unemployment and maintain the livelihoods of more workers by expanding the support targets and content.

First, the support target has been expanded from small business owners with fewer than 5 employees to all small business owners' establishments.

Additionally, the number of supported workers has increased from 1 person for general businesses and 2 persons for tourism businesses to up to 9 persons for manufacturing, construction, and transportation industries, and up to 4 persons for other industries, with a maximum of 500,000 KRW per person per month paid for 2 months.

In particular, the previous restriction on retroactive applications has been improved, allowing retroactive applications for unpaid leave occurrences after February 23, and the application period and frequency, which were once from the 1st to the 10th of each month, have been expanded to a total of 15 days, divided into 2 application periods.

Applications can be made by visiting the Yongkkumkkuneun Job Cafe on the basement level 1 of Gwanak-gu Office before the budget is exhausted, or by downloading the application form from the Gwanak-gu Office website (News & Notices → Gwanak News) and submitting it via email (gwanakjob@citizen.seoul.kr), registered mail, or fax, as before.

For more details, inquiries can be made to the Employment Retention Subsidy Support Team at the Job Venture Division of Gwanak-gu Office.

Furthermore, the district is also providing financial support through the Seoul Credit Guarantee Foundation to relieve small enterprises and small business owners affected by COVID-19.

The guarantee ratio has been increased from the original 85% to 100% for amounts up to 30 million KRW, and 95% for amounts exceeding 30 million KRW; the guarantee fee rate has been reduced from the previous 1.2?2% to 0.5?0.8%. Since February, about 600 small business owners have applied, and a total of approximately 19.585 billion KRW has been supported.

District Mayor Park Jun-hee stated, “We are making multifaceted efforts to resolve the difficulties faced by small enterprises, small business owners, and workers in the region affected by COVID-19,” and added, “We will continue to do our best to revive the local economy through steady support.”

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