Iksan City to Support Small Business Owners with Card Fee Subsidies... Up to 1.5 Million Won

For Businesses with Annual Sales of 300 Million KRW or Less

Iksan City in North Jeolla Province is once again launching a nationwide top-level card commission fee reimbursement program this year to support the business stability of small business owners.

According to Iksan City on the 9th, the support is available to small business owners with annual sales of 300 million KRW or less last year. The city will fully reimburse 0.5% of last year's card sales (up to 1.5 million KRW) for up to two business locations per person.

Exterior view of Iksan City Hall. Provided by Iksan City

The subsidy will be paid directly to the representative's account for amounts up to 300,000 KRW, and for amounts exceeding 300,000 KRW up to 1.5 million KRW, it will be provided in the form of the local gift certificate 'Dairoeum.' Businesses that closed before the announcement date, as well as those in entertainment, gambling, finance, and insurance industries, are excluded from eligibility.

Eligible small business owners can apply online without visiting in person from the 10th until October 31. Applications can be submitted by accessing the Iksan City website and clicking on 'Small Business Card Commission Fee Support Project Application.'

To avoid congestion at the beginning of the application period, a 10-day rotation system based on the last digit of the business registration number will be implemented from the 10th to the 19th. Business owners whose registration number ends in 0 can apply on the 10th, those ending in 9 on the 19th, and from the 20th onwards, anyone can apply without restrictions.

The city will review eligibility and sales figures, and plans to distribute the subsidies sequentially from the end of May. Detailed information can be found on the Small Business Support Project notice board on the Iksan City website.

Mayor Jung Heon-yul said, "I hope this support will provide real help to local small business owners who are struggling with high interest rates and inflation," and added, "We will continue to spare no effort in reducing the burden on small business owners and revitalizing the local economy."

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