Gimhae City Provides 1 Million Won Disaster Relief Fund to Event-Related Companies

[Asia Economy Yeongnam Reporting Headquarters Reporter Lee Sang-hyun] Gimhae City, Gyeongnam Province, announced on the 26th that it will provide disaster relief funds to companies related to events, festivals, and performances.

As part of the second support measures for blind spots in Gyeongsangnam-do announced on the 19th of last month, the city will provide 1 million KRW per company, funded 50/50 by provincial and city budgets, to industries left out of support due to the absence of relevant laws and responsible departments.

The eligible companies are those with business locations in the jurisdiction as of April 19, 2021, and belong to government-designated crisis industries eligible for the Emergency Relief Fund Plus, with a sales decrease of 40-60% (including exhibition/convention, event agency, performance facility operation, performance planning, and performance/production-related agencies), as well as companies in related industries that did not receive the Emergency Relief Fund but experienced a sales decrease compared to the standard amount. The support funds will be distributed in two phases.

The first phase targets companies that received the Emergency Relief Fund. Without a separate application process, the funds will be paid to the accounts that previously received support by June 4.

The second phase targets companies that submit applications and related documents between June 7 and 25. Eligibility, sales decrease, and duplicate support will be reviewed, and payments will be made sequentially from June 21.

Detailed support criteria and required documents can be found on the Gyeongsangnam-do or city hall websites.

Jin Dae-yeop, Director of the Tourism Division, said, “Although this support fund cannot fundamentally resolve the management difficulties of companies, we hope it will be of some help.”

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