Kang Sung-cheon, Deputy Minister of SMEs, Listens to On-site Voices on Small Business Loss Compensation

Kang Sung-cheon, Vice Minister of the Ministry of SMEs and Startups, is receiving questions related to loss compensation on the 29th at 'Naming Cafe Coffee Go' in Gwanak-gu, Seoul. From the left in the photo are Lee Jae-in, Director of the Coin Karaoke Association, Vice Minister Kang, and Ko Jang-su, President of the Cafe Owners Association. [Photo by Ministry of SMEs and Startups]

[Asia Economy Reporter Kim Jong-hwa] Kang Seong-cheon, Vice Minister of the Ministry of SMEs and Startups, stated on the 29th, "We will thoroughly prepare support measures for loss compensation and various small business management normalization in the future."

On the afternoon of the same day, Vice Minister Kang visited 'Naming Cafe CoffeeGO' located in Gwanak-gu, Seoul, and while listening to the on-site opinions of small business owners regarding loss compensation, he said, "It was possible to transition to the current phased daily recovery thanks to the sacrifices of small business owners for quarantine measures over the long period of one year and eight months."

He also added, "We will make every effort to minimize the business losses of small business owners caused by quarantine measures in the future through the thorough operation of the loss compensation system."

Meanwhile, since the 27th, the Ministry of SMEs and Startups has been conducting rapid application and reception for small business loss compensation and same-day payment, and as of 8 a.m. on the 29th, 102,521 cases amounting to 343.1 billion KRW have been paid.

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