<기사제목>Ministry of SMEs and Startups: "289.7 Billion KRW Distributed to 290,000 Small Businesses on First Day of Quarantine Support Fund"

Asia Economy DB=Photo by Jinhyung Kang aymsdream@

[Asia Economy Reporter Kim Bo-kyung] On the first day of the COVID-19 support fund for small business owners, approximately 290,000 small business owners and small enterprises received a total of 289.7 billion KRW.

On the 28th, the Ministry of SMEs and Startups announced that as of midnight the previous day, 289,654 small business owners and small enterprises applied for the support fund, and 289.7 billion KRW was disbursed.

This accounts for about 83% of the approximately 350,000 small businesses with odd-numbered business registration numbers that are subject to operating hour restrictions and eligible for support on that day.

On the 28th, small businesses with even-numbered business registration numbers, about 351,000 companies, are eligible to apply and receive payments. Small business owners who received notification messages can apply online at 'sosangonginbangyeokjiweongeum.kr'.

Since the COVID-19 support fund plan was announced by the Central Disaster and Safety Countermeasures Headquarters on the 16th, the Ministry of SMEs and Startups has been selecting eligible recipients by building an online application system and utilizing databases (DB) such as loss compensation and Hope Recovery Fund data. The first phase of payments to 700,000 small business owners is planned to be completed by the end of the year. Applications are accepted until the end of January next year.

For small business owners who were subject to operating hour restrictions from the 18th but were not included in this first payment phase due to recent openings, payments will begin on January 17 next year.

Meanwhile, this COVID-19 support fund for small business owners provides 1 million KRW separately from loss compensation and support funds for quarantine supplies. Small business owners who received the support fund this time despite operating hour restrictions can also receive the loss compensation for the fourth quarter of 2021 separately around mid-February next year.

If subject to mandatory application of the quarantine pass, support funds of up to 100,000 KRW can be provided for purchasing quarantine supplies such as QR code verification terminals, thermometers, and partitions.

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