Daejeon Expands Rent Support for Small Businesses... Up to 300,000 Won per Business

Support Divided into Two Phases in the First and Second Half of the Year
Aiming to Assist 10,000 Businesses

Daejeon City announced that it will provide 3.4 billion won in rent support for small business owners this year.

The city aims to support 10,000 businesses and will implement the project in two phases, in the first and second half of the year.

Applications for the first half will be accepted online from the 12th to the 31st. Eligible applicants are small business owners who have operated a business in the city for at least six months as of the announcement date and have annual sales of 50 million won or less.

After screening applicants for eligibility, the city plans to provide up to 300,000 won per business in April, prioritizing those with the lowest annual sales.

Applications for the second half are expected to be accepted in August, and the support criteria may be partially adjusted based on the application and support status from the first half. In particular, small business owners who received support in the first half may also apply again in the second half.

Last year, the city provided 1.6 billion won in rent support to 5,063 businesses.

Kwon Kyungmin, Director of Economic Affairs for Daejeon City, said, "We hope that rent support will provide substantial help to small business owners who face heavy fixed costs," and added, "Daejeon City will continue to implement comprehensive support policies so that small business owners can relieve management anxiety and make a new leap forward."

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