Support Fund: 3.3 Trillion Won Paid to 2.36 Million Small Business Owners Over Three Days

260,000 Applications Submitted on the 13th Regardless of Business Registration Number, 329.8 Billion KRW Paid
Re-Notification via Kakao AlimTalk to 400,000 Non-Applicants from the Afternoon of the 14th

Minister Park Young-sun of the Ministry of SMEs and Startups is answering questions from the press after conducting an on-site inspection related to the execution of the support fund at the Seoul-Gangwon Regional Headquarters of the Small Enterprise and Market Service in Mapo-gu, Seoul on the 13th. / Photo by Moon Ho-nam munonam@

[Asia Economy Reporter Kim Heeyoon] The Ministry of SMEs and Startups announced on the 14th that it has paid 3.2909 trillion won to 2.36 million people who applied for the Support Fund from the 11th to the 13th.

Among the 2.76 million people eligible for the first rapid payment, the cumulative application rate during the first three days was 85%, which is 14 percentage points higher than the 71% application rate during the New Hope Fund period.

On the 13th, 261,000 people (9.5% of the 2.76 million rapid payment targets) applied online, and 329.8 billion won was paid to them.

Among the 123,000 people who applied from midnight to noon on the 13th, 154.3 billion won was paid starting at 1:30 PM the same day. Subsequently, among the 138,000 people who applied until midnight, 175.4 billion won was supported starting at 3 AM on the 14th.

The Ministry of SMEs and Startups stated that to facilitate rapid payment, the 'same-day application, same-day payment' system, where applications made in the morning are paid in the afternoon, will be maintained in cooperation with payment banks for applications submitted until the 15th.

Starting from the afternoon of the 14th, the Ministry plans to send another notification via Kakao AlimTalk to 400,000 people among the 2.76 million first rapid payment targets who have not yet applied. Considering that some of the sent messages may be treated as spam and not reach recipients, the Ministry explained that this time they will re-guide the Support Fund application through Kakao AlimTalk.

Meanwhile, rapid payments for outdoor winter sports facilities (including affiliated businesses), lodging facilities, additional local government gathering bans and business restrictions, and small business owners who opened between January and November 2020 and whose December sales decreased compared to the average of September to November will begin on the 25th.

Lee Euncheong, head of the Small Business Policy Division at the Ministry of SMEs and Startups, said, “Applications for rapid payment through online are possible 24 hours a day regardless of weekdays or holidays,” and added, “When you receive the notification, please access ‘butimokjigum.kr’ to apply for the support fund.”

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