Jungjingong and Jinju City Sign Business Agreement on 'Naeil Chaeum Gongje'

Panorama of the Small and Medium Business Corporation

[Asia Economy Reporter Kim Daeseop] The Small and Medium Business Corporation announced on the 20th that it will sign a 'Tomorrow Filling Deduction Business Agreement' with Jinju City, Gyeongnam.

This 'Jinju-type Tomorrow Filling Deduction' was prepared to overcome the employment crisis of local small and medium venture businesses caused by the novel coronavirus infection (COVID-19).

Jinju City will support a portion of the deduction payments made by business owners enrolled in the Tomorrow Filling Deduction located in the region for three months. The Small and Medium Business Corporation will be responsible for discovering business owners and promotion.

From April to June this year, employees and business owners who join the Tomorrow Filling Deduction pay their own contributions, and if they apply to Jinju City from May 25, after the Small and Medium Business Corporation's verification process, Jinju City will support 50% of the business owner's contribution to the business owner.

The total budget for this project is 215 million won. After the end of the business owner contribution support project, the Small and Medium Business Corporation and Jinju City plan to continuously collaborate to expand support for small and medium venture businesses located in the region, including support for new enrollment in the Tomorrow Filling Deduction.

The Tomorrow Filling Deduction is a policy deduction project in which small business owners and key personnel jointly accumulate deduction funds at a certain rate, and if the key personnel work long-term for more than five years, the accumulated funds are paid as performance rewards.

Kim Hakdo, director of the Small and Medium Business Corporation, said, "We will work together with Jinju City to revitalize the local economy and contribute to employment stability and job creation."

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