Seongnam City Operates On-site Reception Desk for Small Business Loss Compensation

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Seongnam City in Gyeonggi Province will operate an on-site reception desk for small business loss compensation from the 3rd of this month to the 20th of next month.

Seongnam City announced on the 3rd that it has set up an offline loss compensation reception desk on the basement first floor of the Sujeong Community Center in Sujin-dong, Sujeong-gu, for small business owners who find it difficult to apply online since the online application began on the 27th of last month.

The eligible applicants for loss compensation are small business owners and small enterprises that suffered significant business losses due to compliance with government-imposed gathering bans and business hour restrictions between July 7 and September 30 as a result of COVID-19.

The eligible industries include entertainment, danran (singing) bars, emotional pubs, colatech (including dance halls), hunting pocha (outdoor drinking spots), karaoke rooms, restaurants, cafes, and others.

The compensation amount is calculated by applying the business's average daily loss, the duration of quarantine measures compliance, and a correction rate of 80%.

Payments range from a minimum of 100,000 KRW to a maximum of 100 million KRW per quarter.

From the first day of on-site reception until November 16, excluding weekends, applications will be accepted based on a 5-day rotation system according to the last digit of the business registration number.

Those eligible for online application can enter their business registration number and complete identity verification procedures at 'smallbusinesslosscomp.kr'.

A city official stated, "We will strengthen publicity to ensure that small business owners who have faithfully complied with quarantine measures are not excluded from loss compensation, and we will assign nine dedicated staff members to the on-site reception desk to assist with the application process."

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