Daejeon City Extends Application Deadline for Small Business Owners' 'Crisis Overcome Support Fund'

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City announced on the 11th that it will extend the application period for the Daejeon-type small business ‘Crisis Overcome Support Fund’ until the 20th.

The extension of the application period was decided to accommodate small business owners who were unable to apply for various reasons as the deadline approached.

The eligible businesses are those that complied with the administrative orders for gathering bans or business (hours) restrictions after December 18 of last year, as well as general businesses that experienced a decrease in sales.

The support fund will be provided as 2 million KRW each to businesses that complied with the gathering ban, 1 million KRW each to businesses that complied with business restrictions, and 500,000 KRW each to small business owners in general industries with decreased sales.

To receive the support fund, the business must be located within the region, have a business registration opening date before February 20 of this year, and have continued operations between December 18 of last year and February 20 of this year.

If multiple businesses are operated, support funds can be received for each registered business location.

General industries with decreased sales must submit National Tax Service (Hometax) data such as ▲credit card sales data ▲cash receipt sales details ▲electronic tax invoice sales summary to compare sales decline.

Applications can be made online or by visiting the Daejeon Job and Economic Promotion Agency. For more details, refer to the announcement or contact the dedicated small business crisis overcome support fund call center.

A city official stated, “As of March 10, when applications began, about 74,000 businesses have received a total of approximately 52.132 billion KRW in support funds,” and added, “We urge small business owners who have not yet applied to hurry and apply before the extended application period ends.”

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