Gochang-gun Supports Small Business Owners with Up to 500,000 KRW in Card Fee Assistance

[Gochang=Asia Economy Honam Reporting Headquarters Reporter Kim Jaegil] On the 18th, Gochang-gun, Jeonbuk announced that it will carry out the ‘Card Fee Support Project’ to help small business owners struggling due to the economic downturn.

The support target is businesses with annual sales of less than 300 million KRW last year, and they can receive up to 500,000 KRW (0.8% of last year’s card sales amount).

Except for restricted industries such as entertainment establishments and gambling, which are limited by the Credit Guarantee Foundation’s re-guarantee, industries such as wholesale and retail, food service, lodging, and services are eligible to apply.

If one person owns multiple businesses, support can be received for up to two businesses, and the required documents for application are a copy of the business registration certificate and a copy of the bankbook.

The county verifies the total sales and card sales amount for last year through the National Tax Service, significantly simplifying the required documents compared to last year.

Small business owners who wish to apply can visit the Win-Win Economy Division or the Eup/Myeon office to submit their application.

After receiving the application documents, eligibility and sales amounts will be reviewed, and payments will be made sequentially within the budget starting next month.

Jung Gilhwan, head of the Win-Win Economy Division, said, “We hope this will provide some help to small business owners struggling with the prolonged COVID-19 situation,” and added, “We will do our best to promote and operate the program so that all eligible small business owners can receive support.”

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