Seodaemun-gu Provides 500,000 KRW Support to Small Business Owners Who Closed Among COVID-19 Gathering Ban and Business Restriction Sectors

Supplementing Limits of 'Small Business Disaster Support Fund' Only for Operating Businesses... Expanding Eligibility to Small Businesses Under Closure or Operation Restrictions Closed Since March 22 Last Year... Applications Accepted from May 28 to June 30 with 500,000 KRW Payment

[Asia Economy Reporter Jongil Park] Seodaemun-gu (Mayor Moon Seok-jin) supports small business owners who have closed their businesses due to worsened management caused by COVID-19-related gathering bans and business restrictions.

Until now, disaster relief funds for small business owners (Saehui-mang Fund, Beotimok Fund, Beotimok Plus Fund, Seoul Economic Vitality Fund) have only targeted businesses that are still operating, so closed small business owners have not been able to receive support.

Also, although the government’s “Closed Business Re-challenge Incentive Program” supports closed small business owners, it is limited to those who closed their businesses from August 2020 onward.

To supplement this, the district expanded the support target to small business owners in gathering-ban and business-restricted industries who closed their businesses during the period from March 22, 2020, when the Central Disaster and Safety Countermeasures Headquarters applied “strengthened social distancing,” to May 28 of this year. However, the business must have been operated for at least 90 days before closure.

The district will accept applications from the 28th of this month until the 30th of next month and will pay 500,000 won to eligible recipients.

Applications can be made both in person and by email, and the in-person application location is the Small Business Support Center on the 6th floor of Seodaemun-gu Office. Detailed information can be found on the Seodaemun-gu Office website’s notice board during the application period.

Moon Seok-jin, Mayor of Seodaemun-gu, said, “I hope this support will be of some help to small business owners who have closed due to the prolonged COVID-19 pandemic.”

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