Minister of SMEs and Startups: "Maximum Rapid Support for Small Business Owners"... Meeting on Quarantine Measures

[Asia Economy Reporter Park Hyungsoo] Kwon Chil-seung, Minister of SMEs and Startups, held a meeting with the small business industry on the 18th regarding the strengthening of COVID-19 quarantine measures and plans to provide quarantine support funds.

On the day, Minister Kwon discussed the implementation status of the quarantine pass (vaccination confirmation/negative test confirmation) and plans for quarantine support funds with Oh Se-hee, President of the Korea Federation of Small and Medium Business, and the co-representative of the Emergency Committee for Self-Employed at 'Sodamsanghoe,' a small business flagship store located in Mapo-gu.

In response to the spread of COVID-19, the government reduced the allowable number of private gatherings nationwide to 4 people for 16 days starting from that day and restricted operating hours of multi-use facilities such as restaurants and cafes to between 9 PM and 10 PM depending on the type. Since the 6th, the government has applied the quarantine pass to indoor multi-use facilities including restaurants, cafes, academies, and PC rooms.

The government plans to provide quarantine support funds worth approximately 1 million KRW to 3.2 million small business owners whose sales have decreased and to expand the scope of loss compensation.

Minister Kwon said, "We will mobilize all available measures to support small business owners who are experiencing difficulties as quickly as possible so that their damages can end promptly."

The Ministry of SMEs and Startups plans to provide quarantine support funds within this year to small business owners who have had their operating hours restricted due to quarantine measures, and to pay support to general affected industries with decreased sales by January next year.

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