Daejeon City to Rapidly Distribute Small Business 'Daily Recovery Fund' Starting Next Month 1st

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City is starting the rapid payment of daily recovery funds for local small business owners.

According to the city on the 31st, the rapid payment is being promoted to provide 2 million KRW in daily recovery funds per business to establishments that complied with the administrative order to suspend operations after July 7, such as entertainment facilities and singing practice rooms.

The first rapid payment will be conducted from the 1st of next month targeting about 1,600 businesses. Businesses in the restricted sectors that were not included in the first round can receive support funds through the second simple payment application starting from the 17th of next month.

The second simple payment application targets businesses that complied with the administrative order to restrict operations after July 7, as well as general businesses experiencing sales decline. Among the eligible businesses, those that complied with the administrative order to restrict operations will receive 1 million KRW per business, and small business owners in general sectors with sales decline will receive 500,000 KRW per business.

The city plans to allow businesses in these restricted sectors and general sectors with sales decline, which were included in the government's 4th and 5th support fund payment targets, to apply for the simple payment and receive support funds by submitting only their business registration certificate and bankbook copy without additional proof documents.

Small business owners who were omitted from the first and second payments can receive support funds through the third verification payment application from December 1 to 31, after verification of supporting documents.

However, for general sectors with sales decline, the minimum operating period must be at least 60 days for sales comparison, and the accepted supporting documents are limited to ▲credit card sales data ▲cash receipt sales details ▲sales electronic tax invoice summary from the National Tax Service (Hometax).

For more detailed information, please refer to the announcement or check through the dedicated small business daily recovery fund call center or the Daejeon City call center.

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