Gyeongnam Province Provides Disaster Relief Funds to Event and Festival-Related Businesses

1 Million KRW Support for Event, Festival, and Performance Companies Located in Gyeongsangnam-do

Gyeongsangnam-do Provincial Government Building Exterior

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Gyeongsangnam-do has decided to provide disaster relief funds to related companies located in the province whose sales have sharply declined due to the spread of COVID-19.

The support targets are companies that fall within the 40-60% sales decline range among those eligible for the government's 4th disaster relief fund, and companies that did not receive the 4th disaster relief fund but experienced a decrease in sales compared to before the government's strengthened quarantine measures.

The support amount is 1 million KRW per company. The funding is prepared with a 50% share from the provincial government and 50% from city and county governments according to Gyeongsangnam-do's second support plan for blind spots.

For companies that have received the Buffer Fund Plus support, the payment will be made directly to the account that received the Buffer Fund Plus support without any application procedure.

However, companies that did not receive the Buffer Fund Plus support must separately submit an application form for the disaster relief fund.

The application form can be submitted from June 7 to 25 via email, mail, or in person to the city or county official in charge of the business location.

The payment schedule is divided into the first and second phases, with the first phase payments starting from June 1 for companies that received the Buffer Fund Plus.

For companies that submit documents, eligibility, sales decline, and duplicate support will be reviewed, and payments will be made sequentially in the second phase.

Detailed support criteria and required documents can be found on the websites of the province and each city and county.

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