Daejeon, Emergency Support for 'Small Business Owners' Excluding Government Aid

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City will provide emergency support to local small business owners excluded from government assistance.

The city announced on the 19th that it will simultaneously promote the ‘Emergency Support Fund’ and ‘Closure and Restart Support’ projects targeting these small business owners.

According to the city, the emergency support fund targets small business owners with annual sales of 400 million KRW or more who have experienced a decrease in sales, providing 1 million KRW per business.

Online applications will begin on the 19th, and in-person applications can be submitted from next month 26th to November 13th at the Daejeon Economic and Trade Promotion Agency and dedicated counters at each district office.

In-person submissions will follow a 5-day rotation system based on the last digit of the representative’s birth year until the 30th of next month, and from November 2nd to 13th, applications can be submitted without the 5-day rotation system.

Required documents include the business registration certificate, a copy of the bankbook, and documents proving annual sales and sales decrease.

The ‘Closure and Restart Support’ project targets small business owners who have closed or started a business after February 29th, regardless of annual sales or sales decrease. Support is provided up to 2 million KRW for store closure costs and startup expenses.

Applications will be accepted from the 26th via online and in-person submissions at the Daejeon Economic and Trade Promotion Agency.

However, the city excludes small business owners who have already benefited from similar projects from the support target.

Also, if recipients have received government support such as the ‘New Hope Fund’ or city-supported small business emergency support funds, tourism business support projects, or additional support funds for business suspension, the support amount will be paid after deducting up to 2 million KRW.

For more details, information can be obtained through announcements on the websites of Daejeon City, autonomous districts, and the Daejeon Economic and Trade Promotion Agency, as well as through dedicated counters at the Daejeon Economic and Trade Promotion Agency.

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