Mapo-gu 'Small Business New Hope Fund' On-site Application Center Operation

October 26 to November 6, Reception Center Set Up at Mapo-gu Office Audiovisual Room... Assisting Small Business Owners Struggling with Online Applications and Applicants Needing Additional Documentation

[Asia Economy Reporter Jongil Park] Mapo-gu (Mayor Yudonggyun) will operate the 'Small Business New Hope Fund On-site Reception Center,' where visitors can consult and apply, from the 26th to November 6th in the audiovisual room on the 4th floor of Mapo-gu Office for the convenience of applicants for the 'Small Business New Hope Fund.'

The 'Small Business New Hope Fund' is a fund supported by the Ministry of SMEs and Startups under the government's 4th supplementary budget on September 22 to assist small business owners affected by the novel coronavirus infection (COVID-19).

Rapid payment targets that do not require separate verification procedures have been supported primarily through online applications, and the on-site reception center, which will operate from the 26th, will accept applications from small business owners who need detailed additional supporting documents or have limited online accessibility to provide the New Hope Fund.

The district will operate a five-day system for one week from the 26th to reduce congestion at the on-site reception center and allow applicants to consult and apply smoothly, based on the last digit of their birth year (Monday 1,6; Tuesday 2,7; Wednesday 3,8; Thursday 4,9; Friday 5,0).

Afterward, the center will operate regardless of the five-day system.

The support target for the 'Small Business New Hope Fund' is entrepreneurs who started their business before May 31, 2020, and must be small business owners who are not in a suspended or closed state at the time of application.

For general industries, those with annual sales of 400 million KRW or less last year and whose average monthly sales in the first half of this year decreased compared to last year's average monthly sales can apply and receive 1 million KRW.

Specially affected industries are businesses that were subject to gathering bans and business restrictions by the Central Disaster and Safety Countermeasures Headquarters on August 16, 2020. They can apply regardless of sales decline if their sales are below the small business sales standards by industry and receive support ranging from 1.5 million to 2 million KRW. However, even if eligible, professional occupations such as lawyers, accountants, hospitals, gambling-related industries, and real estate rental businesses excluded from small business policy fund loans are not eligible for support.

The applied support funds will be finally decided after screening by the Small Enterprise and Market Service, and text notifications and fund payments are expected to be completed by November 20.

Mayor Yudonggyun of Mapo-gu said, “I hope the New Hope Fund will be a small help to local self-employed and small business owners suffering from COVID-19 business difficulties,” and added, “We will strive to promote the Small Business New Hope Fund to ensure no eligible applicants are missed and do our best in application reception and consultation support.”

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