Applications for the 3rd Disaster Relief Fund Start Tomorrow... Payments May Be Made the Same Day

Government Aims to Complete Third Disaster Relief Fund Payments Within This Month

Hong Nam-ki, Deputy Prime Minister and Minister of Economy and Finance, is delivering opening remarks at the 'Emergency Economic Central Countermeasures Headquarters Meeting and Korean New Deal Related Ministers Meeting' held on the 23rd at the Government Seoul Office in Jongno-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Jang Sehee] The government will begin distributing the third round of disaster relief funds starting tomorrow to vulnerable employment groups such as small business owners, special-type workers, and freelancers who suffered losses due to the third wave of the novel coronavirus infection (COVID-19).

According to the Ministry of Economy and Finance on the 10th, the government will send notification text messages tomorrow to priority recipients of the 'Small Business Owner Support Fund' worth 4.1 trillion won. Among the 2.8 million small business owners affected by COVID-19, 2.5 million will receive the funds first.

Priority support targets include small business owners who previously received the second round of disaster relief funds and special damage industries subject to gathering bans or restrictions according to government quarantine guidelines. Small business owners who have been subject to gathering bans or business restrictions due to strengthened quarantine measures by the government and local governments since November 24 last year can receive 3 million won and 2 million won respectively.

Small business owners with annual sales of 400 million won or less last year and whose annual sales decreased compared to 2019 can receive 1 million won. These small business owners can apply online starting on the 11th.

To facilitate smooth applications, a system based on the last digit of the business registration number will be operated over two days, with odd numbers applying on the 11th and even numbers on the 12th. From the 13th onward, applications can be submitted regardless of this distinction.

Meanwhile, the government plans to start payments as early as the afternoon of the application day on the 11th and complete the distribution by the end of this month at the latest.

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