Ministry of SMEs and Startups Distributes 1.3 Trillion Won to 52 Businesses on First Day of Hope Recovery Fund Payment

Accepting Odd-Even System Applications via Homepage
Apply by 6 PM for Same-Day Payment Possible

[Image source=Yonhap News]

[Asia Economy Reporter Kim Bo-kyung] The Ministry of SMEs and Startups announced on the 18th that it has paid 1.3 trillion won to approximately 520,000 businesses that applied on the first day of the Hope Recovery Fund disbursement.

The ministry sent application guidance text messages on the previous day from 8 a.m. to 667,000 businesses whose business registration numbers end with an odd digit among the first round of rapid payment recipients.

On the first day, 1.2708 trillion won was paid to 518,000 businesses, which is about 38.8% of the first round rapid payment recipients (1.334 million businesses).

To provide support as quickly as possible, payments will be made four times daily throughout this week, and if you apply by 6 p.m., you can receive the payment on the same day.

A ministry official stated, "The Hope Recovery Fund application website has secured sufficient processing capacity," adding, "Despite many applicants accessing simultaneously on the first day, the site operated normally without any delays."

From 8 a.m. on the 18th, application guidance text messages are being sent to 667,000 people whose business registration numbers end with an even digit among the first round rapid payment recipients.

From the 19th, applications can be submitted regardless of whether the business registration number ends with an odd or even digit, so those who could not apply on the 17th or 18th can apply then.

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