Geumcheon-gu, Full Effort to Support Survival Funds for Self-Employed Businesses

Geumcheon-gu Alley Economy Support Center Dedicated to Supporting Self-Employed Survival Funds... Online Applications from May 25, In-Person Applications from June 15

‘Golmok Economy Support Center’ consultation desk set up in the auditorium of Geumcheon-gu Office

[Asia Economy Reporter Jongil Park] Geumcheon-gu (Mayor Yuseonghun) announced that it is making every effort to support survival funds for self-employed workers through the Alley Economy Support Center.

The ‘Self-Employed Survival Fund’ is a project by Seoul City that provides a total of 1.4 million KRW in cash over two months, 700,000 KRW per month, to small business owners and self-employed workers severely impacted by COVID-19.

The support target is small business owners who started their business before September 1 last year and had annual sales of less than 200 million KRW last year (less than 100 million KRW if the business period is less than six months). As of the payment date, the business must be actively operating and the main business location on the business registration certificate must be in Geumcheon-gu. However, businesses that are effectively closed or suspended, or those in restricted industries such as entertainment, gambling, and betting under the Small and Medium Business Development Fund loan support restrictions, are excluded.

Self-employed individuals who wish to apply can do so online through the ‘Seoul City Self-Employed Survival Fund’ website from May 25 to June 30.

Online applications will be accepted according to a five-day rotation system, similar to the public mask distribution system.

If the representative’s birth year ends in 1 or 6, applications can be made on Monday; 2 or 7 on Tuesday; 3 or 8 on Wednesday; 4 or 9 on Thursday; and 5 or 0 on Friday. Applications are accepted regardless of birth year on weekends.

In particular, the Geumcheon-gu Alley Economy Support Center assists small business owners who have difficulty applying online by helping them apply according to the five-day rotation system.

In-person applications will be accepted from June 15 to 30 at the Geumcheon-gu Alley Economy Support Center (12th floor auditorium of the district office) and all branches of Woori Bank in Geumcheon-gu (excluding sub-branches) following a ten-day rotation system. Applicants must bring their ID, business registration certificate, bankbook copy, and power of attorney (if applying on behalf of someone else).

The eligibility decision is made by Seoul City after reviewing applicant information through related agencies such as the National Tax Service, and the results are notified to the applicants. If there is an objection to the decision, applicants can submit an objection form along with supporting documents within seven days from the notification date to the Geumcheon-gu Alley Economy Support Center.

To revive the local economy affected by COVID-19, the district opened the ‘Alley Economy Support Center’ in the local economy division last month, and since the 25th, it has been operating a dedicated call center and consultation desk in the 12th floor auditorium of the district office.

The Alley Economy Support Center is implementing various local economic revitalization measures, including management funds and interest support for small businesses and SMEs affected by COVID-19, and support for fixed costs such as labor and rent for affected businesses.

The operating hours are from 10 a.m. to 5 p.m. on weekdays. For more details, inquiries can be made to the dedicated call center or the Geumcheon-gu local economy division.

Yuseonghun, Mayor of Geumcheon-gu, said, “We will make every effort to promote local economic revitalization measures so that survival funds for self-employed workers and various benefits can be thoroughly provided to the 23,000 small business locations in the region, centered on the Alley Economy Support Center.”

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