Seoul City 'Imcha Sosangongin Jikimjageum' On-Site Applications Start from the 28th

On-site Registration Until March 4, Online Registration Until March 6
Cash 1 Million KRW for Tenant Small Business Owners with Annual Sales Under 200 Million KRW Last Year
Bring Business Registration Certificate, Lease Proof, ID, and Bankbook Copy

The streets of Myeongdong, Seoul, are quiet on the weekend of the 20th. Photo by Mun Ho-nam munonam@

[Asia Economy Reporter Han Jinju] The Seoul Metropolitan Government announced on the 25th that it will accept on-site applications for the "Tenant Small Business Owner Protection Fund," which provides 1 million KRW in cash to small business tenants affected by COVID-19, from the 28th to March 4th.

On-site applications are only possible at the reception centers located in the autonomous districts where the main business is registered on the business registration certificate (one location per district). Applications will not be accepted on the public holiday, March 1st.

Required documents include the business registration certificate, proof of leased business premises such as the commercial lease contract, identification card, and a copy of the bankbook. Once the application is completed, an application number will be sent via text message. The application number is necessary to check the progress or supplement the application details on the Seoul Protection Fund website.

If the lease contract period has ended and the contract has been verbally extended, additional sales proof documents are required. In cases of joint representatives, proxy applications, or if the applicant wishes to receive the funds in another person's account, a power of attorney and identification cards of the related parties (joint representatives, proxies, bankbook owners) must be additionally submitted.

Online applications are accepted until the 6th of next month. Applications are completed by uploading the business registration certificate and two types of proof documents for the leased business premises on the Seoul Protection Fund website. As of the 24th, 250,000 businesses have completed their applications.

The support target for the Small Business Owner Protection Fund includes small business owners who have annual sales under 200 million KRW in 2020 or 2021, or those who opened their business before the end of last year, and who are currently operating a leased or tenant business in Seoul as of the announcement date.

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