Gimhae City Directly Supports Neglected Industries with Disaster Relief Funds... 9.2 Billion Won in Self-Help Aid

Up to 1 Million KRW to Be Paid Before Lunar New Year Holidays for Charter Buses and More

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Gimhae City, Gyeongnam Province, will provide its own support for citizens excluded from the 3rd disaster relief fund.

The city announced on the 13th that it will provide 9.2 billion KRW to minimize blind spots in disaster relief funds.

Specifically, 1.3 billion KRW for direct support to blind spots, 7.6 billion KRW to compensate for interest differences on loans for small business owners and SMEs, and 300 million KRW for public burden reduction.

The city plans to complete cash support for blind spot targets before the Lunar New Year holiday to help revitalize the local economy along with the government disaster relief funds.

The industries eligible for direct cash support include 1,829 places in 7 sectors. Due to the spread of COVID-19, 1 million KRW will be provided to charter buses, travel agencies, and rural tourism businesses suffering from reduced travel and commuting.

Also, 1 million KRW will be given to 351 local flower farms struggling due to cancellations of various events such as entrance and graduation ceremonies, and 500,000 KRW will be provided to cultural artists whose performances and exhibitions were completely canceled.

Additionally, 500,000 KRW will be given as additional support to corporate taxi drivers to equalize with individual taxi drivers who receive 1 million KRW from the government, and 500,000 KRW will be provided as living stabilization funds to young unemployed people who lost their jobs due to the prolonged COVID-19 pandemic.

Furthermore, emergency management stabilization funds will be provided to small business owners and SMEs hit hard by sales declines, compensating for loan interest differences with a loan scale of 212 billion KRW, with a total budget of 7.6 billion KRW allocated for interest difference compensation.

If small business owners rent public property, the rent for public property will be reduced, and property tax will be reduced by up to 50% for good landlords who reduce rent for small business owners for more than three months. This public burden reduction system will continue to operate as it did last year.

Applications will be accepted from the 18th at the relevant departments of the city hall.

Mayor Heo Seong-gon said, “Although the pain is great due to the prolonged COVID-19 pandemic, we have tried to carefully find blind spots and ease the burden,” adding, “We will continue to monitor industries excluded from support in the contents of the 4th government disaster relief fund currently under discussion.”

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