On the Third Day of Loss Compensation Applications, 117,819 People Received 396.7 Billion Won

Empty Shops in Myeongdong Shopping District
(Seoul=Yonhap News) Photo by Ryu Young-seok = On the afternoon of the 8th, when the loss compensation system for small business owners affected by COVID-19 quarantine measures was implemented, closed stores were seen on Myeongdong Street in Jung-gu, Seoul.
On this day, the Ministry of SMEs and Startups held a loss compensation review committee meeting to finalize detailed standards such as compensation methods and procedures. 2021.10.8
ondol@yna.co.kr
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[Asia Economy Reporter Junhyung Lee] As of the 29th, the third day since the first day of applications for the third quarter small business loss compensation, approximately 118,000 people have been paid about 400 billion won.

According to the Ministry of SMEs and Startups, as of 4 p.m. on that day, 117,819 small enterprises and small business owners received 396.7 billion won in loss compensation. This accounts for 19% of the 620,000 eligible for 'quick compensation,' which requires no separate documents for application. There were 123,297 small business owners who checked their quick compensation amount but did not apply for payment.

Applications for loss compensation began at 8 a.m. on the 27th. During the three days after the application, compensation payments were made four times daily. If you apply before 4 p.m., you can receive the loss compensation on the same day.

On this day, those with an odd final digit in their business registration number could apply. The 'application odd-even system' based on the last digit of the business registration number will operate until the 30th. From the 31st, applications will be accepted regardless of odd or even numbers.

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