244 Million People Applied for Support Fund in Four Days, 3.3949 Trillion Won Paid Out

On the 14th, the fourth day of applications, 86,187 applicants received 104 billion KRW in payments

[Asia Economy Reporter Kim Jong-hwa] The Ministry of SMEs and Startups announced that it has paid 3.3949 trillion won to 2.44 million people who applied for the Buttimmok Fund over four days from the 11th to the 14th (as of 8 a.m. on the 15th).

Among the 2.76 million first-phase rapid payment recipients, the application rate during the first four days was 88.5%. On the 14th alone, 86,187 people applied online, and 104 billion won was paid to them.

Of the 21,112 people who applied from midnight to noon on the 14th, 25.5 billion won was paid starting at 1:30 p.m. that day, and of the 65,075 people who applied from then until midnight, 78.5 billion won was supported starting at 3 a.m. on the 15th.

The application rates for businesses subject to gathering bans and business restrictions were 98% and 95%, respectively, which were relatively higher than the 85% for general businesses.

Lee Eun-cheong, head of the Small Business Policy Division at the Ministry of SMEs and Startups, said, "On the afternoon of the 14th, unlike the previous text messages, we sent a second notification via Kakao AlimTalk to 400,000 first-phase rapid payment recipients who had not yet applied," adding, "We plan to monitor the number of non-applicants among the rapid payment recipients and guide them through various methods to ensure that all of them apply."

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