Goheung-gun Provides Income Stability Support Funds to Traditional Market Street Vendors

COVID-19 Sales Decline: 500,000 KRW Provided to Each Traditional Market Street Vendor in the District

[Goheung=Asia Economy Honam Reporting Headquarters, Reporter Shim Jeong-woo] Goheung-gun, Jeollanam-do (Governor Song Gwi-geun) announced on the 14th that it secured 36.5 million KRW in national funds to provide income stabilization support funds to traditional market street vendors residing in the area whose sales have decreased due to the prolonged COVID-19 pandemic.

The traditional market street vendor income stabilization support fund is intended to support the income of street vendors excluded from government disaster relief payments due to being unregistered business operators, and it was newly included in the government disaster relief funds.

Accordingly, 5 million KRW each was paid to 73 street vendors who were confirmed to be operating through verification by the traditional market merchants' association. Those who had already received government disaster relief funds such as the Small and Medium Venture Business Administration’s New Hope Fund and Support Fund, or the Ministry of Health and Welfare’s Temporary Livelihood Support Fund, were excluded from eligibility.

Song Gwi-geun, Governor of Goheung-gun, said, “It is very meaningful that disaster relief funds can now be provided to traditional market street vendors as the payment conditions for the income stabilization support fund have been improved,” and added, “We will promote various support policies to help small business owners, including traditional markets which are the foundation of the local economy, overcome difficulties.”

Goheung=Asia Economy Honam Reporting Headquarters, Reporter Shim Jeong-woo sevenshim@asiae.co.kr

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