Sejong-si Provides Up to 1 Million KRW in Business Stability Funds for the Travel Industry

[Asia Economy (Sejong) Reporter Jeong Il-woong] Sejong City will provide management stabilization funds of up to 1 million KRW per company to local travel businesses.

The city announced on the 13th that it will accept applications for travel industry management stabilization funds from the 19th to the 28th.

The support target is travel companies registered and operating in Sejong with an address in Sejong before the announcement date (13th), according to the Tourism Promotion Act.

The detailed business categories include general travel business, domestic travel business, and international travel business, and only one company can receive support if it operates both domestic and international travel businesses.

Additionally, support is available for small business owners with annual sales of 400 million KRW or less in the previous year who maintain valid travel business insurance.

After receiving applications, the city plans to notify each applicant of the screening results on the 5th of next month following qualification review.

Selected companies can receive the funds upon submitting proof of expenses related to the business.

The support funds can be used (at the company's discretion) for management improvement purposes such as promotional marketing expenses for customer attraction, facility improvement costs, rent, and insurance fees.

Application documents include the management stabilization fund application form and the management stabilization fund utilization plan, which can be found on the city hall website.

For more details, inquiries can be made to the city's Tourism and Cultural Heritage Division.

Kim Seong-su, Director of the City’s Culture, Sports and Tourism Bureau, said, “We hope that the management stabilization fund support will provide even a small help to the travel industry struggling due to the sharp decline in tourism demand,” and added, “The city will seek various support measures to help the tourism industry regain vitality.”

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