Ministry of SMEs and Startups Disburses 2.02 Trillion Won in New Hope Fund for Small Business Owners

84% of the 2.6132 trillion won rapid payment amount
As of the 12th of this month

Seoul Small Business Cluster Area

[Asia Economy Reporter Kim Daeseop] The Ministry of SMEs and Startups announced on the 13th that it has paid 2.0206 trillion KRW in New Hope Funds to 2,041,108 small business owners from the 24th of last month to the 12th of this month.

The number of small business owners who have received the New Hope Funds so far accounts for 84% of the 2.43 million eligible for rapid payment. 84% of the rapid payment amount of 2.6132 trillion KRW has been disbursed.

On the 6th of this month, the Ministry additionally supported 23,000 small business owners in specially affected industries eligible for rapid payment, and on the 13th, it re-verified 29,000 small business owners in specially affected industries and is providing support through text message notifications and other means.

The 29,000 small business owners newly included as support targets in specially affected industries were confirmed after the Ministry supplemented the business operator information submitted by local governments by matching it with business entity information shared by the National Health Insurance Service.

Lee Eun-cheong, Director of the Small Business Policy Division at the Ministry of SMEs and Startups, said, "Despite application guidance through text messages and other methods, 390,000 small business owners have yet to apply for the New Hope Funds," adding, "We urge those who have received application guidance to apply through the dedicated New Hope Funds website."

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