Yongin Mayor Baek Gun-gi "Emergency Support of 13 Billion Won in Management Stabilization Funds for Small Business Owners"

Yongin Mayor Baek Gun-gi is announcing the second support plan for revitalizing the local economy related to COVID-19 at Yongin City Hall on the 12th.

[Asia Economy (Yongin) = Reporter Lee Young-gyu] Yongin City in Gyeonggi Province will urgently provide 13 billion KRW in business stabilization support funds for small business owners, academies, taxi transportation workers, and others struggling due to COVID-19.

On the 12th, Mayor Baek Gun-gi of Yongin announced through a Facebook Live broadcast at the city hall briefing room, "We plan to consult with the city council so that Yongin City can independently provide business stabilization support funds of this scale in August."

Separately, Mayor Baek added, "In June, we will support up to 2.9 million KRW for daycare centers to cover facility operation costs or part of childcare teachers' wages."

He also stated, "On the 13th, we plan to provide 598 million KRW in special local employment response support funds to 1,248 people, including special employment workers, freelancers, and unpaid leave workers."

Previously, Yongin City provided financial support totaling 223.9 billion KRW to small business owners affected by COVID-19, including 130.7 billion KRW in bank loans, 89.9 billion KRW in issuance of payment guarantees, and 3.3 billion KRW in special guarantees and interest differential compensation.

Mayor Baek emphasized, "Support for households is reaching a certain stage of completion, and we will focus on supporting small business owners and SMEs, who are the backbone of our economy."

Yongin City reports that with disaster basic income and care support funds being distributed in traditional markets, a favorable breeze is blowing through the local economy, including neighborhood commercial districts.

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