Ministry of SMEs and Startups Launches Efforts to Prevent and Recover from Heavy Rain Damage in SMEs and Traditional Markets

Mobilizing All Policy Capabilities for Recovery Support

On the 14th, the Ministry of SMEs and Startups announced that it will mobilize all policy capabilities to support recovery in the event of heavy rain damage in small and medium-sized enterprises and traditional markets. Minister Lee Young also conducted pre-inspections of traditional markets last month in preparation for the recent heavy rains.

On the 14th, the water level of the Han River viewed from 63 Square in Yeouido, Seoul, is rising due to the heavy rain last night. Photo by Jinhyung Kang aymsdream@

The Ministry of SMEs and Startups is currently working with local governments to jointly assess the damage as the rainy front moves north and south, causing heavy rains in the metropolitan and central regions, and is ready to provide immediate support. In particular, in traditional markets, more than 200 participants, including market merchant associations, are already engaged in prevention and recovery activities as part of the public-private 'Safety Keepers' initiative.

Additionally, one-stop support centers will be established in affected areas, and customized support measures tailored to regional circumstances will be prepared. The ministry plans to provide close support until small and medium-sized enterprises and small business owners affected by the flood damage can stably return to their livelihoods.

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