Application Open for Daejeon-Type Small Business ‘Crisis Overcoming Support Fund’

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Applications for the Daejeon-type Small Business ‘Crisis Overcoming Support Fund’ will begin on the 10th.

According to Daejeon City on this day, the city and five autonomous districts have moved up the application start date for the Crisis Overcoming Support Fund, which was originally scheduled to begin on the 15th of this month, to start accepting applications from 6 a.m. on the 10th.

The purpose is to promptly support damage compensation and business stabilization for small business owners whose livelihoods are threatened due to the resurgence of COVID-19 and prolonged quarantine measures.

Applications will be accepted sequentially with separate application periods, categorized by businesses subject to gathering bans, businesses with restricted operating hours, and general businesses experiencing sales decline.

First, from the 10th, about 2,000 businesses in the first phase gathering-ban category, such as entertainment facilities, karaoke rooms, and travel agencies that have complied with quarantine administrative orders since December 18 of last year, can apply. The support fund per business is 2 million KRW.

The second phase, businesses with operating restrictions such as restaurants, cafes, and indoor sports facilities with limited operating hours, can apply starting from the 15th. The support fund is 1 million KRW.

From the 1st of next month, the third application period will begin for general businesses experiencing sales decline, with plans to provide 500,000 KRW each. The first and second phase general businesses experiencing sales decline can apply until May 13.

Applications can be submitted through the ‘Daejeon-type Small Business Crisis Overcoming Support Fund’ website, and from the 10th to the 31st, applications will be processed on an odd-even basis according to the applicant’s birth year.

If applying online is difficult, applicants can visit the Small Business Support Center at the Daejeon Job and Economy Promotion Agency in person starting from the 22nd to apply.

The eligibility criteria require the business to be located in the Daejeon area and have a business registration opening date before the 20th of last month. Also, businesses that maintained operations between December 18 of last year and the 20th of last month are included. For those operating multiple businesses, support will be provided per registered business location.

However, businesses will be excluded from support if they ▲ violated gathering bans or operating restrictions ▲ are unregistered businesses without business registration ▲ applied fraudulently or by other dishonest means ▲ are non-profit enterprises, organizations, corporations, or unincorporated associations.

Applications will be divided into simple payment targets and verification payment targets.

Simple payment targets include businesses that were eligible for the city’s daily recovery funds and previously received government support such as the Buffer Fund Plus, Hope Recovery Fund, and the first phase quarantine support fund.

Simple payment target businesses can receive support funds by submitting minimal documents such as a business registration certificate and a copy of their bankbook without additional proof documents if they meet the payment requirements.

Other businesses must submit additional documents such as business registration certificates by industry and proof documents for sales decline comparison to verify facility type and sales decrease to receive support funds.

For general businesses experiencing sales decline, the minimum operating period for sales decline comparison must be at least 60 days, and proof documents such as credit card sales data, cash receipt sales details, or electronic tax invoice summary reports from the National Tax Service (Hometax) must be submitted.

For more detailed information, refer to the announcement posted on the city hall website or contact the dedicated call center for the ‘Daejeon-type Small Business Crisis Overcoming Support Fund’.

Im Muk, Director of the City Job and Economy Bureau, said, “The resurgence and prolongation of COVID-19 are having a tremendous impact on the survival of small business owners and self-employed individuals,” adding, “The city and five autonomous districts will do their best to ensure that the Crisis Overcoming Support Fund can alleviate the pain of local small business owners and self-employed individuals.”

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