Gwangju Buk-gu Discusses Business Stability and Damage Support with Small Business Owners

[Asia Economy Honam Reporting Headquarters Reporter Kim Yukbong] Buk-gu, Gwangju Metropolitan City (District Mayor Moon In) announced on the 10th that it held a 'Small Business Damage Support Measures Meeting' on the 8th, attended by 11 people including representatives from small business organizations and associations such as alley-type shopping districts, traditional markets, and shopping district prosperity associations.

On that day, Buk-gu listened to the difficulties faced by small business owners suffering from a sharp decline in sales due to the spread of COVID-19 and explained government support measures such as the Small Business Support Fund and Emergency Employment Stability Subsidy, as well as this year's comprehensive support measures by the district.

Last year, Buk-gu operated a Livelihood Economy Activation Countermeasures Headquarters to proactively respond to COVID-19 and focused on stabilizing people's livelihoods.

In particular, separate from disaster relief funds, Buk-gu prepared a Buk-gu-type disaster relief fund and supported a total of 2,204 places including small business owners and religious facilities with about 970 million won.

This year, the district plans to actively promote support measures centered on the Self-Employment Support Center to revitalize the local economy.

First, in collaboration with professional organizations, comprehensive consulting and business environment improvement projects will be carried out targeting small business owners and self-employed individuals.

Special guarantee and interest differential compensation projects to alleviate financial difficulties, as well as a self-employed accompaniment program supporting business environment improvement, will also be operated.

Customized support for alley-type shopping districts such as Jeonnam University Back Gate, Unam-dong Hwanggye, and Duam-dong Food Alley, designated last December, will also revitalize the alley commercial districts.

Communication between the public and private sectors will continue with local small business associations, traditional market and shopping district merchant associations, and shopping district prosperity associations.

District Mayor Moon In of Buk-gu said, “Local small business owners are facing a great crisis due to COVID-19,” and added, “This year as well, we will concentrate all administrative power of the district to stabilize small business management and minimize damage.”

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