Yeosu Small Business Digital Support Fund Up to 2 Million Won Provided

Published 01 Jun.2023 16:54(KST)

Digital Devices? Education Support, Enhancing Small Business Competitiveness

Yeosu City, Jeollanam-do (Mayor Jeong Gi-myeong) announced that it will provide digital support funds of up to 2 million KRW to enhance the competitiveness of small business owners amid the accelerating digital transformation such as online ordering in the dining industry.

The support includes ▲digital devices such as smart orders, digital menu boards, waiting boards, serving robots, kiosks, and ▲educational support utilizing external organizations such as the Digital Transformation Center and the Comprehensive Support Center for Self-Employed.

[Photo by Yeosu City]

The support targets small business owners with annual sales of 1 billion KRW or less who are operating normally as of the application date, and this year, 220 stores will be supported.

However, within the maximum support limit of 2 million KRW, applicants must bear 20% of the cost themselves.

Applicants can visit the Yeosu City Regional Economy Division or apply by email or mail by June 30.

The city plans to finalize the support recipients around July and announce it on the Yeosu City website and notify individuals.

Selected recipients must implement the project from July to December, pay the full amount upfront, and can be reimbursed later upon submission of supporting documents.

A city official said, “We hope this opportunity to provide high-quality digital devices and technology to Yeosu’s small business owners will help them overcome economic difficulties and keep pace with the digital era.”