Daegu Dalseong County to Provide Up to 400,000 Won per Business in Credit Card Fee Support for Small Business Owners

Daegu Dalseong County is launching a program to support credit card transaction fees for small business owners who are struggling at the brink due to the so-called "three highs": high interest rates, high inflation, and high exchange rates. This is the first initiative of its kind among Daegu's local governments, aiming to alleviate the real operational burdens faced by small merchants.

On April 8, Dalseong County announced that it would fully subsidize credit card transaction fees equivalent to 0.4% of card sales for small business owners with annual sales of less than 100 million won in the county. The maximum support per business is 400,000 won.

Daegu Dalseong County Office

Eligible businesses must have the business owner's resident registration address in Dalseong County as of the announcement date, and must have been operating within the county from January 1, 2025, up to the present. However, in consideration of the program's purpose, entertainment businesses such as bars and clubs, as well as gambling and adult goods stores, are excluded from the program.

This program is seen as a "tangible livelihood measure" in which the local government directly shares the fixed cost of credit card fees with small business owners, fundamentally easing their business burdens. Given that this is the first case in the Daegu area, there is also attention on whether the initiative will spread to other local governments.

Applications can be submitted at the township or town administrative welfare centers located either at the business owner's resident registration address or the business site. Detailed information can be found in the announcement on the Dalseong County Office website.

Choi Jaehoon, the Mayor of Dalseong County, said, "I deeply empathize with the hardships faced by small business owners, who must worry about their survival amid the triple burden of high interest rates, high inflation, and high exchange rates. We will continue to discover and implement practical, field-oriented policies so that the local economy can recover its self-reliance and move toward a virtuous cycle."

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