Gyeonggi-do Merchants Association "Provide 100% Loss Compensation Without Blind Spots"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Jung-yoon] The Gyeonggi-do Merchants Association has called for 100% compensation for losses suffered by small business owners and self-employed individuals.

On the 7th, the Gyeonggi-do Merchants Association held a rally at Gwanghwamun Citizen Open Square in Jongno-gu, Seoul, demanding, "The government, National Assembly, and presidential candidates from both ruling and opposition parties must immediately negotiate 100% loss compensation without any blind spots for small business owners and self-employed individuals affected by COVID-19."

About 300 members expressed frustration, saying, "Why does the government impose restrictions on business hours and gatherings, preventing customers from coming, and then shift the resulting damages and losses onto cash-strapped self-employed individuals and small business owners?" They also added, "With loan options blocked, we have had to use even our jeonse deposits and have become slaves to banks and private lenders due to high-interest rates."

The association demanded strong measures including pushing for negotiations on 100% loss compensation, providing compensation amounts without any blind spots, and protecting and supporting the livelihoods and recovery of self-employed individuals and small business owners.

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