Support for Specially Affected Businesses Such as Entertainment Bars and Colatecs from the 6th
Selection and Registration of Businesses Missing Business Numbers Among Specially Affected Businesses from the 12th

The Ministry of SMEs and Startups announced on the 6th that from the 24th of last month to the 5th, over 12 days, it paid 2.1252 trillion won in New Hope Funds to 1,981,000 small business owners. Photo by Yonhap News Agency

The Ministry of SMEs and Startups announced on the 6th that from the 24th of last month to the 5th, over 12 days, it paid 2.1252 trillion won in New Hope Funds to 1,981,000 small business owners. Photo by Yonhap News Agency

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[Asia Economy Reporter Kim Heeyoon] The Ministry of SMEs and Startups announced on the 6th that it has paid 2.1252 trillion KRW in New Hope Funds to 1,981,000 small business owners over 12 days from the 24th of last month to the 5th.


This corresponds to 82% of the 2.14 million rapid payment recipients and 83% of the rapid payment target amount of 2.57 trillion KRW.


As of the previous day, 2 million small business owners had applied for the New Hope Funds, with a target amount of 2.1448 trillion KRW.


From the 6th, 24,000 entertainment bars, colateks, and PC rooms that were not included in the first rapid payment target can also apply online for the New Hope Funds. Additionally, 30,000 small business owners whose business registration numbers are clear among the special damage industry lists submitted by local governments have been added to the New Hope Funds payment targets. After sending text message notifications after 1 PM on the 6th, online applications will be accepted and supported.


Starting from the 12th, among the special damage industry lists submitted by local governments, businesses missing business registration numbers will be selected through methods such as matching with administrative information and added to the database.



Lee Euncheong, head of the Small Business Policy Division at the Ministry of SMEs and Startups, said, “From the 6th, the database of special damage industry payment targets will be gradually supplemented and expanded, with notifications sent via text messages and online applications accepted. If you do not receive a text message, you can directly check and apply for the second rapid payment target on the New Hope Funds dedicated website after the 6th.”


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

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