Hamyang-gun, 2nd Rapid and Confirmed Payment Application for Small Business Support Fund

Online Site Access Application for General Small Business Owners Until Noon on the 26th

Hamyang County Office Building Exterior

[Asia Economy Yeongnam Reporting Headquarters Reporter Choi Soon-kyung] Hamyang-gun, Gyeongnam announced on the 18th that it will implement the 2nd rapid and verification payment of the ‘Small Business Owner Support Fund’ provided by the Ministry of SMEs and Startups starting from the 15th.

This application is targeted at general small business owners whose sales have decreased and who have not yet received the support fund.

The payment amount is 1 million KRW per business, and the scheduled payment date is as follows: for businesses that filed their 2020 VAT return by the original deadline of January 25, payment will be made the next day after application if no additional documents are required; for businesses that filed VAT returns by February 25, payment will be made collectively on April 12.

Eligible recipients are small business owners with annual sales of 400 million KRW or less last year and whose sales decreased compared to the previous year. For those who opened before 2019, the 2020 annual sales must be less than the 2019 annual sales. For those who opened in 2020, they must have opened before November 30, 2020, have an annualized sales amount of 400 million KRW or less based on sales from September to December, and the December sales must be less than the average monthly sales from September to November.

However, businesses in gambling industries, professional occupations such as lawyers, accountants, hospitals, pharmacies, financial and insurance-related industries excluded from small business policy fund loans, unregistered businesses, those who received income stabilization funds for vulnerable employment groups after January 2021, non-profit enterprises, organizations, corporations, and unincorporated associations are excluded from support.

If you wish to apply, the representative must access the online site, complete identity verification and additional information input procedures, and apply by the 26th.

A Hamyang-gun official stated, “We will closely cooperate with related organizations to ensure that small business owners struggling due to COVID-19 can apply without omission.”

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