"Easily Check and Apply for Closed Store Rechallenge Grants"… Dedicated System Revamped

Ministry of SMEs and Startups
Enhancing Convenience in Website Usage

'Closed Store Rechallenge Incentive' Application Inquiry Screen

[Asia Economy Reporter Kim Daeseop] The Ministry of SMEs and Startups announced on the 12th that it will revamp and operate a dedicated system for the 'Closed Store Rechallenge Incentive'.

This revamp of the Rechallenge Incentive website was promoted to enable closed (or soon-to-be closed) small business owners to collectively search and apply for business recovery support projects online.

The dedicated platform for the Closed Store Rechallenge Incentive has been operating since September 24 of this year, but there had been inconveniences. Small business owners who applied for the Rechallenge Incentive had to contact the local centers of the Small Enterprise and Market Service or visit other websites such as the 'Hope Return Package' support platform to receive support for business closure consulting, store demolition costs, employment/startup, and other recovery support projects.

However, with this platform revamp, closed small business owners can now easily check and apply for recovery support projects related to closure and employment/startup directly as needed, without submitting separate small business verification documents, in addition to the Rechallenge Incentive.

Park Chi-hyung, Director of Small Business Policy at the Ministry of SMEs and Startups, said, "We will strengthen policy promotion and application convenience so that closed small business owners can utilize the Rechallenge Incentive along with small business recovery support programs, enabling practical business recovery."

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