Hope Recovery Fund Payments Surpass 2 Trillion Won in Two Days... Benefits 800,000 People

[Asia Economy Reporter Kim Bo-kyung] The payment amount of the 5th disaster relief fund 'Hope Recovery Fund' for small business owners affected by COVID-19 has exceeded 2 trillion won in just two days.

According to the Ministry of SMEs and Startups on the 18th, as of 4 p.m. on the same day since the payment of the Hope Recovery Fund began the day before, a total of 799,903 people received 2.0143 trillion won.

This is about 60% of the first rapid payment target group (1,334,000 people). The payment amount can be up to 20 million won per person.

As of 4 p.m. on the day, the cumulative number of applicants reached 1,021,808 (2.551 trillion won), accounting for 76.6% of the first rapid payment target group.

The Ministry of SMEs and Startups sent application guidance text messages at 8 a.m. the day before to 667,000 people whose business registration numbers end with an odd digit among the first rapid payment target group. On the same day, from 8 a.m., guidance messages were sent to 667,000 people whose business registration numbers end with an even digit.

Until this day, applications are possible based on the odd-even system of the last digit of the business registration number, and from the 19th, applications can be made regardless of odd or even.

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