Gwangju Buk-gu to Provide Card Processing Fee Support for Small Businesses... Up to 300,000 Won

Largest Budget Allocation Among Gwangju Districts: 340 Million Won Invested
Support for Small Business Owners With Annual Sales of 200 Million Won or Less Operating Leased Stores

Gwangju Buk-gu District will provide support for credit card processing fees to small business owners who are struggling with management difficulties due to what is known as the "three highs" phenomenon—high oil prices, high inflation, and high exchange rates.

Front view of Gwangju Buk-gu Office. Provided by Gwangju Buk-gu

According to Buk-gu District on April 13, in order to alleviate the management burden on small business owners suffering from the prolonged economic downturn, it will invest the largest amount among Gwangju’s autonomous districts—340 million won—into this year’s "Small Business Card Processing Fee Support Project."

The support is available to small business owners whose annual sales last year were 200 million won or less and who are currently operating businesses leased within the Buk-gu area. Notably, this year, the eligibility criteria have been significantly relaxed—from the previous cap of 100 million won in annual sales to 200 million won—so that more microbusiness owners can benefit.

The support amount corresponds to 0.4% of each business's credit card sales in 2025, and will be provided in cash, ranging from a minimum of 50,000 won to a maximum of 300,000 won depending on sales volume. If an individual operates multiple stores, support will be provided for only one business entity.

Small business owners who wish to apply for the support can do so online through the Buk-gu Small Business AI Support Platform website or by visiting the Buk-gu Office Small Business Support Center or their local administrative welfare center by the end of November. However, if the allocated budget is exhausted before then, the program may close early.

Previously, Buk-gu District received a strong response by supporting an average of 185,000 won in processing fees to approximately 1,900 small business owners through this project last year.

A Buk-gu District official stated, "With instability in international affairs threatening even local alleyway businesses, we hope this support will provide real help to small business owners," adding, "We will continue to promote various support measures to strengthen the self-sufficiency of small businesses, who are the lifeblood of the local economy."

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