Busan City Supports Small Business Owners Unable to Receive Customers Due to Social Distancing

Support for Reopening Costs for Small Businesses Advised to Practice Social Distancing
Up to 1 Million KRW for PC Rooms, Karaoke Rooms, Indoor Sports Facilities, and Academies

Busan City Hall.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Busan City will provide up to 1 million KRW in support for store reopening costs to over 1,200 small business owners in industries that were advised to practice social distancing to prevent the spread of COVID-19.

The support targets small business owners who started their businesses before May 5 of this year, specifically in industries such as PC rooms, karaoke rooms, indoor sports facilities, and academies, which were advised by Busan City to close temporarily due to social distancing measures. Businesses that have already received the emergency livelihood support fund for small businesses previously provided by the city, and those excluded from government small business policy fund support, are not eligible to apply.

Applications can be submitted by July 24 through the Busan City Small Business Hope Center website, attaching proof of small business status and annual sales documentation. After verifying the small business status of applicants, priority will be given to supporting small-scale businesses based on their calculated 2020 annual sales.

Selected businesses must submit receipts and bills related to expenses incurred for store reopening by the project deadline of August 31, including costs for materials, promotion and marketing, service labor, utilities, and management fees (excluding labor costs and rent). Documentation will be accepted for expenses incurred from February 21, the date of the first confirmed COVID-19 case in Busan, and payments will be made after confirming the business relevance of the expenses.

Byun Sung-wan, Acting Mayor of Busan, stated, “The local economy, especially among ordinary citizens, has suffered greatly due to COVID-19. We hope this store reopening cost support project will help revitalize the regional economy.”

Busan City is also providing up to 3 million KRW in reopening cost support to stores that suffered damage after confirmed COVID-19 cases visited and were publicly disclosed in official city, district, or county movement paths. The application deadline is August 31.

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