'Hope Recovery Fund' Receives 1.19 Million Applications in Four Days... 2.8 Trillion Won Distributed

[Image source=Yonhap News]

[Asia Economy Reporter Song Seung-yoon] It has been revealed that approximately 1.19 million small business owners received about 2.8 trillion won in 'Hope Recovery Funds' within four days of disbursement.

According to the Ministry of SMEs and Startups on the 20th, from the 17th until 4 p.m. on this day, 1,188,000 people were paid a total of 2.8114 trillion won in Hope Recovery Funds. This accounts for 89.0% of the 1,134,000 first-phase rapid payment recipients. The payment amount ranged from 400,000 to 20 million won per person, with 1,201,000 applicants requesting a total of 2.8338 trillion won.

Until this day, support funds are disbursed four times daily, and if applicants apply by 6 p.m., they can receive payment on the same day. From the 23rd to the 27th, the number of disbursements will be reduced to twice daily. Applications submitted on weekends such as the 21st and 22nd will be paid on the next business day.

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