Chungnam Provides Emergency Support of 65.7 Billion KRW to 167,000 Small Business Owners and Others

Yang Seung-jo, Governor of Chungcheongnam-do, held a press conference at the provincial office on the 14th to announce the plan to provide the 'Chungnam-type Emergency Disaster Relief Fund.' Photo by Chungnam Province

[Asia Economy (Hongseong) Reporter Jeong Il-woong] Chungnam Province will provide emergency disaster relief funds to approximately 167,000 local small business owners and others.

On the 14th, the province held a press conference to announce the plan to distribute the "Chungnam-type Emergency Disaster Relief Fund."

The support funds will be given to about 129,000 small business owners, and approximately 38,000 workers in transportation, cultural and artistic fields, street vendors, and designated drivers.

The total amount to be distributed is 65.7 billion KRW, fully covered by provincial funds. The province plans to secure the budget by utilizing the disaster management fund, disaster relief fund, and contingency funds.

By support target, small business owners in seven types of businesses subject to gathering bans, such as entertainment facilities and colatecs, will receive 1 million KRW each; 28 types of businesses with operational restrictions, including restaurants, cafes, bakeries, lodging facilities, and academies, will receive 500,000 KRW each; and 273 types of businesses designated by the Ministry of SMEs and Startups as being in management crisis will receive 300,000 KRW each.

Additionally, 300,000 KRW will be provided to workers in transportation industries such as individual and corporate taxis, charter buses, and special passenger vehicles, as well as cultural and artistic workers, street vendors, visiting instructors, designated drivers, door-to-door salespeople, visiting inspectors, and software technicians.

However, businesses violating administrative orders, gambling-related industries, street vendors operating illegally in public places, and applicants who submit false or fraudulent applications will be excluded from support.

In particular, the province is also pursuing a plan to provide additional support by matching funds 50-50 with seven cities and counties: Gongju, Nonsan, Buyeo, Seocheon, Cheongyang, Hongseong, and Yesan.

Considering that cities and counties are also preparing separate support plans tailored to their own circumstances, the actual support amount is expected to exceed the province's planned 65.7 billion KRW.

Applications for support can be submitted from the 21st of this month to the 8th of next month by visiting reception desks set up at the city/county offices or eup/myeon/dong offices in the business location jurisdiction, or via fax or email.

The province plans to conduct a prompt verification process and sequentially transfer the support funds to accounts starting from the 21st of this month.

Yang Seung-jo, Governor of Chungnam Province, said, "Quarantine efforts stand on the long sacrifices and dedication of small business owners and self-employed individuals," adding, "While residents experienced inconvenience through social distancing and mask-wearing, small business owners had to endure crises due to operational restrictions and gathering bans."

He continued, "However, we can no longer ignore the weary shoulders of small business owners who are bearing the heavy burden of quarantine," and added, "We will expedite complete recovery of daily life through swift and appropriate support for self-employed individuals and small business owners."

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