Bucheon City to Provide 500,000 to 1,000,000 KRW to Small Business Owners and Vulnerable Groups Using Its Own Budget

Bucheon City Hall

[Asia Economy Reporter Park Hyesook] Bucheon City in Gyeonggi Province announced on the 5th that it has prepared a 70 billion won scale independent livelihood economic support plan for small business owners and vulnerable groups struggling due to the prolonged COVID-19 pandemic.

This is being promoted separately from the government's quarantine support funds, and the city plans to prepare a supplementary budget next month, undergo city council review, and distribute the funds in May.

The recipients include small business owners, transportation workers, daycare centers, special employment freelancers, low-income local artists, religious facilities, and travel agencies, who will receive between 500,000 and 1 million won regardless of whether they have received government quarantine support funds.

First, 46,000 small business owners and 516 daycare centers facing severe management crises due to COVID-19 will receive 1 million won each.

5,581 people including bus drivers, taxi drivers, special employment workers, freelancers, and low-income local artists, as well as 1,414 travel agencies and religious facilities, will receive 500,000 won each.

In addition to direct support included in the livelihood economic support plan, the city will continuously promote indirect support such as supporting alleyway commercial districts and traditional markets through the Bucheon Commercial District Revitalization Center, and expanding special guarantees (20 billion won) for small business management stabilization.

Mayor Jang Deokcheon stated, "Until last year, government support funds worth 200 billion won were provided to small business owners, transportation workers, special employment workers, freelancers, and low-income local artists, but it was insufficient to protect the lives of ordinary people, so Bucheon City prepared its own budget."

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