Prime Minister Jeong Joins 'Good Prepayment' Campaign... Hopes for Widespread Social Impact

Prime Minister Chung Sye-kyun visited a restaurant he frequently visits (located in Jongno-gu, Seoul) on the 4th to participate in the 'Good Prepayment' campaign and is taking a commemorative photo.

[Asia Economy Reporter Kwangho Lee] Prime Minister Jeong Sye-gyun visited a restaurant he frequently patronizes (located in Jongno-gu, Seoul) on the 4th and participated in the 'Good Prepayment' campaign, the Prime Minister's Office announced.

Good Prepayment is a consumer movement that helps alleviate the difficulties faced by small business owners due to COVID-19 by prepaying for services at small businesses such as restaurants and cafes and promising to revisit.

Attending the event were Park Young-sun, Minister of SMEs and Startups, Kim Sung-soo, Chief Secretary to the Prime Minister, and Cha Young-hwan, Second Vice Minister of the Prime Minister's Office.

The government decided to promote 'measures to supplement domestic demand through prepayment and pre-purchase' at the 4th Emergency Economic Meeting on the 8th of last month and is currently working to expand the Good Prepayment movement throughout society to revitalize local commercial districts and help small business owners overcome difficulties.

Additionally, Prime Minister Jeong participated in the promotional video for the 'Good Prepayment National Campaign.'

The promotional video will be used to spread the consumer movement through social network services (SNS) of central government ministries and the campaign homepage until the 26th of this month.

Meanwhile, to support the activation of prepayment and pre-purchase, the government plans to increase the income deduction rate for credit cards, debit cards, and other payment methods to 80% for all industries (from April to July) and apply a 1% tax credit on income tax (for individual business owners) and corporate tax (for corporations) when prepaying or pre-purchasing goods and services from small business owners.

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