Gapyeong-gun Supports Small Business Owners Facing Sales Decline with 'Butimok Fund'

Includes businesses subject to gathering bans and operational restrictions such as entertainment bars and danran bars

On the first day of application and payment for the third disaster relief fund (Support Fund) for small business owners and vulnerable employment groups affected by the third wave of COVID-19, citizens are receiving related consultations at the Small Enterprise and Market Service Seoul Jungbu Center on the 11th. Photo by Moon Honam munonam@

[Asia Economy Reporter Ra Young-cheol] Gapyeong-gun, Gyeonggi Province announced on the 11th that it will provide the "Small Business Support Fund" to small business owners who have experienced business suspension, operation restrictions, and decreased sales due to strengthened social distancing measures against COVID-19.

The support targets are special damage industries that received administrative orders for business suspension or operation restrictions from the Central Disaster and Safety Countermeasures Headquarters after November 24 of last year, as well as general small business owners whose sales have decreased.

Small business owners subject to business suspension or operation restrictions will receive 3 million KRW and 2 million KRW respectively, and small business owners with annual sales of 400 million KRW or less who have experienced decreased sales will receive 1 million KRW.

Industries excluded from small business policy fund loans, such as gambling-related businesses, professional occupations like lawyers, accountants, hospitals, pharmacies, and financial and insurance-related industries, are excluded from support. However, entertainment bars and karaoke bars subject to business suspension or operation restrictions are included in the support target.

To apply, search for "Beotimmokjigeum" on a portal site or enter "Beotimmokjigeum.kr" in the address bar to apply.

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