Jeongeup-si Supports Small Business Owners' Card Fees... Up to 1 Million Won

[Jeongeup=Asia Economy Honam Reporting Headquarters Reporter Kim Jaegil] Jeongeup City in Jeonbuk announced on the 2nd that it will support card fees to alleviate the economic burden on small business owners.

The city aims to ease the management burden of small business owners who are struggling with business difficulties due to economic downturn, rising minimum wages, and management cost burdens.

The support target is small business owners in the region with annual sales of 300 million KRW or less in the previous year (2021), and support will be provided up to 0.8% of the previous year's card sales amount (up to 1 million KRW).

All industries except some sectors such as entertainment, gambling, and industries restricted by the Credit Guarantee Foundation Act's guarantee and re-guarantee limitations can apply, and this year, about 3,000 local businesses are expected to receive support.

Applications can be submitted by visiting the town or township office or the community service center at the business location from the 7th of this month until the 1st of next month, or by fax.

Required documents for in-person applications are a copy of the business registration certificate and a copy of the bankbook.

The city plans to promote the expansion and changes of the small business card fee support project through banners, the website, Facebook, and more.

Additionally, cooperation will be requested from Shintaein, Yeonji, Saemgoeul markets, and the Small Business Association to actively promote so that small business owners can receive support.

A city official said, "We hope this will help ease the management burden of small business owners facing a crisis due to the long-lasting COVID-19," and added, "We will do our best to prepare policies that are practically helpful to small business owners in the future."

Meanwhile, last year, the city supported card fees of 680 million KRW to more than 2,300 small business owners.

Jeongeup=Asia Economy Honam Reporting Headquarters Reporter Kim Jaegil gjg7070@asiae.co.kr

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