Eunpyeong-gu Provides 500,000 KRW Support to Small Business Owners Closing Due to Gathering Bans and Business Restrictions

[Asia Economy Reporter Jong-il Park] Eunpyeong-gu (Mayor Kim Mi-kyung) will provide 500,000 KRW in cash support to small business owners in the assembly ban and business restriction sectors who have closed their businesses due to a sharp decline in sales caused by COVID-19 and the government's strengthened social distancing measures, to alleviate the financial burden of closure and help them restart.

The support targets small business owners who operated assembly ban or business restriction establishments in Eunpyeong-gu and closed their businesses between March 22, last year, when the Central Disaster and Safety Countermeasures Headquarters strengthened social distancing, and May 23 of this year, having operated for more than 90 days before closure.

Applications will be accepted online from May 24 to July 30.

For online applications, applicants can apply on the Eunpyeong-gu Office website after mobile phone identity verification, attaching a certificate of business closure, sales proof documents, small business owner verification documents, and a copy of their bankbook. However, in cases where identity verification is not possible, proxy applications, or applications using another person's account, applicants must prepare identification, a power of attorney, and related documents along with the online submission documents and visit the relevant department by industry from June 28 to July 30 to apply in person.

Detailed information is available on the district website's public notices, and inquiries can be made to the department in charge of the industry or the Job Economy Division.

Kim Mi-kyung, Mayor of Eunpyeong-gu, said, "I am pleased to provide an opportunity for business closure and re-challenge to about 1,000 small business owners in Eunpyeong-gu who suffered great damage and closed their businesses due to COVID-19 since last year," adding, "We will continue to strive to help the local economy recover quickly for small business owners who are enduring hardship."

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