Busan City Provides 500,000 KRW Support for Small Business Online Marketing

960 Additional Recruitment Sites... Online Fees? Social Franchise Fees? SNS Promotion Costs, etc.

Documents that small business marketing companies must submit.

[Asia Economy Yeongnam Reporting Headquarters Reporter Kim Yong-woo] Small business owners in Busan using online sales networks will receive marketing cost support of 500,000 KRW each.

Busan City and the Busan Economic Promotion Agency have been supporting small business owners' online marketing costs in response to recent consumer trend changes favoring online malls and delivery orders due to COVID-19. Following support for 840 small businesses in the first half of this year, an additional 960 businesses will be recruited in the second half.

The support targets small business owners who have a business location in Busan and spent more than 500,000 KRW on online marketing activities in 2020.

Applications will be accepted on a first-come, first-served basis from August 18 to 31 at the Busan Economic Promotion Agency. Upon submitting online marketing activity images and expenditure proof documents, after verification, 500,000 KRW will be directly deposited into the applicant's account within 1 to 2 months.

For more details, click the Busan Economic Promotion Agency website on July 31.

Last year, the domestic advertising market was worth 13 trillion KRW, with internet and mobile advertising showing rapid growth, and the burden of online marketing costs on small business owners is increasing year by year.

Lee Yoon-jae, Busan City’s Public Livelihood and Labor Policy Officer, said, “We increased the project budget by preparing a supplementary budget to ease the burden of rapidly increasing online marketing costs due to COVID-19,” adding, “This year alone, we expect to support online marketing costs for 1,800 businesses.”

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