Gwangjin-gu Operates On-site Registration Desk for Small Business Owners' New Hope Fund

On-site Registration Until November 6... Online Applications Also Accepted

[Asia Economy Reporter Park Jong-il] Gwangjin-gu (District Mayor Kim Seon-gap) will operate an on-site reception desk for the ‘Small Business New Hope Fund’ from the 26th of this month to November 6th.

The ‘Small Business New Hope Fund’ is a tailored support fund for small business owners struggling due to the prolonged COVID-19 pandemic. This on-site reception is targeted at small business owners who did not receive the rapid payment of the New Hope Fund in September.

The eligible applicants are small business owners who started their business before May 31 of this year and are currently operating as of the application date but have had difficulties applying online or have not yet received the New Hope Fund due to account number errors. They are classified into general industries and specially affected industries.

First, for general industries, 1 million KRW will be provided to small business owners whose annual sales last year were 400 million KRW or less and whose average monthly sales in the first half of this year decreased compared to the monthly average last year.

For small business owners who started this year, support is available if the sales in August decreased compared to the average sales in June and July.

Specially affected industries refer to small business owners who were subject to gathering bans or business restrictions due to the Central Disaster and Safety Countermeasure Headquarters’ strengthened social distancing measures in August. Gathering ban industries will receive 2 million KRW, and business restriction industries will receive 1.5 million KRW.

Applicants should prepare application forms, identification cards, business registration certificates, sales proof documents, and copies of bankbooks, and visit the Gwangjin Family Shelter in the basement of the Safety Management Building at Gwangjin-gu Office from 9 a.m. to 6 p.m. on weekdays. Applications can also be made on the New Hope Fund website.

Additionally, to ensure smooth reception, a 5-day rotation system based on the business owner’s birth year will be applied only during the first week of reception from the 26th to the 30th. From November 2nd, applications can be submitted regardless of birth year.

Mayor Kim Seon-gap said, “I hope this New Hope Fund support will provide even a small help to small business owners facing economic difficulties due to the prolonged COVID-19 pandemic,” and added, “We will continue to discover and implement various policies to revitalize the stagnant local economy.”

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