Democratic Party Considers Using Small Business Promotion Fund for Small Business 'Advance Support' Financing
[Asia Economy Reporter Oh Ju-yeon] The Democratic Party of Korea announced that it is considering utilizing the Small Enterprise and Market Service Fund to secure resources for 'advance support for small business owners.'
On the 17th, Kim Seong-hwan, the senior deputy floor leader, said at the COVID-19 Crisis Response Special Committee meeting held at the National Assembly in the morning, "We will consider establishing grounds for advance support using the Small Enterprise and Market Service Fund in the Act on the Protection and Support of Small Business Owners," according to floor spokesperson Shin Hyun-young, who conveyed this to reporters after the meeting.
Candidate Lee proposed an 'advance support and post-settlement' plan on the 14th, which involves providing support first to small business owners and self-employed individuals, and settling accounts later.
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Spokesperson Shin said, "The Small Enterprise and Market Service Fund amounted to 8.0291 trillion won in 2022," adding, "We will continue to discuss and develop support measures through the special committee going forward."
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