"Helping Small Business Owners Affected by Timf with Marketing"... Supporting Entry into Other E-commerce Platforms

Ministry of SMEs and Startups to Recruit Affected Small Business Owners from the 28th
Small Business Owners to Choose e-Commerce Platform for Direct Entry

The government will assist small business owners affected by WEMAKEPRICE and TMON to join other e-commerce platforms.

Oh Young-joo, Minister of SMEs and Startups, is speaking at the 'Timon·Wemakeprice Unsettled Payment Victim Companies Meeting' held at Dream Square in Mapo-gu, Seoul on the 14th.
[Photo by Yonhap News]

The Ministry of SMEs and Startups announced on the 27th that it will recruit affected small business owners starting from the 28th to support their entry into e-commerce platforms due to delayed settlements by WEMAKEPRICE and TMON.

The support targets small business owners who suffered damages among companies listed on WEMAKEPRICE and TMON. This includes affected companies that participated in the Ministry’s existing online sales channel support projects as well as those small business owners who did not participate in the projects.

This support was established to provide sales opportunities as quickly as possible to small business owners who experienced unpaid settlements on WEMAKEPRICE and TMON. Especially before Chuseok, collaboration will be promoted with nine selected e-commerce platforms, comprehensively considering factors such as ‘platforms with a wide range of products for sale’ and ‘small business owner preferences.’ The platforms involved include Grip, Naver, Domaekku, Lotte ON, Korea Post Shopping Mall, Coupang (Rocket Delivery), 11st, Gmarket·Auction, and H Mall.

Specifically, up to 10,000 small business owners will be supported with price discount coupons to reduce marketing costs, points that can be used for advertising expenses, and exclusive promotional events for small business owners. Small business owners can choose the e-commerce platforms they want to join, and there is no limit on the number of platforms they can enter.

Applications for support can be submitted from 12 PM on the 28th through the Panpandaero website. However, small business owners who are temporarily closed, permanently closed, bankrupt, or have overdue national or local taxes will be excluded from selection. Additionally, affected companies that participated in this year’s Ministry of SMEs and Startups online sales channel support projects do not need to submit separate proof documents, but new applicants must prove their sales on WEMAKEPRICE and TMON. Documents such as simplified taxpayer verification, small business owner confirmation, and national/local tax payment certificates are also required.

Lee Dae-geon, Director of Small Business Policy at the Ministry of SMEs and Startups, said, “We hope this support will help affected small business owners overcome difficulties and grow again,” and added, “We will continue to listen to voices from the field and seek policy support measures.”

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