On the First Day of Small Business Hope Recovery Fund Applications, 440,000 People Applied Within 8 Hours

[Asia Economy Reporter Oh Ju-yeon] On the first day of applications for the 5th disaster relief fund for small business owners, the 'Hope Recovery Fund,' more than 400,000 small business owners applied within 8 hours on the 17th.

[Image source=Yonhap News]

According to the Ministry of SMEs and Startups on that day, as of 4 p.m., the number of applicants for the Hope Recovery Fund was 442,604 (KRW 1.1132 trillion). The number of people who actually requested transfers was 425,467 (KRW 1.0753 trillion), and among them, 188,623 people (KRW 513.8 billion) received payments ranging from KRW 400,000 to 20 million per person.

The Ministry of SMEs and Startups expects the total payment amount to exceed KRW 1 trillion on that day.

The second round of rapid payment applications will be accepted starting from the 30th.

Those who were not eligible for the Support Fund Plus but were added to the Hope Recovery Fund support target due to the expanded sales decline criteria, those who opened their business after March this year, and cases where one person operates multiple eligible businesses are among the eligible recipients.

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