Seoul Underground Mall ‘Half Price Rental’ Extended for 6 Months … 20% Benefit When Pre-Paying Restaurant Registration

The Seoul Metropolitan Government decided to provide emergency funds worth 900 billion won to small business owners and self-employed workers who were severely damaged again by the third epidemic of the novel coronavirus infection (Corona 19). If you buy prepaid gift certificates that can be used throughout Seoul, the city will pay more and support low-interest loans in the 0% range. The benefits of a 50% reduction in rent for shops in the metro and metro stations will also be extended for 6 months.

On the 23rd, the city of Seoul announced a 900 billion won financial support for small businesses. The picture shows office workers who visited Myeongdong Street in Jung-gu, Seoul for lunch on the 23rd. [뉴스1]

According to the Seoul Metropolitan Government, on the 23rd, 28th, the Seoul Metropolitan Government will issue “prepaid gift certificates” that can be used anywhere in the 100 billion won Seoul area. When a consumer buys it, Seoul City reserves an additional 10%. Additionally, it is a gift certificate that provides an additional 10% or more of company service when using the gift certificate. This means that if a consumer pays 100,000 won, the city of Seoul will issue a gift certificate of 110,000 won plus 10,000 won, and the company will provide a service worth 120,000 won with an additional 10,000 won.

The prepaid gift certificate is a measure to support companies that have been directly affected by the update of step 2.5 of social distancing. It can only be used in establishments that have decided to participate in the prepayment between singing practice rooms, indoor sports facilities, restaurants and cafes, bathroom facilities, PC cafes, beauty and beauty shops, reading rooms and study cafes. Existing Zero Pay franchisees can be used anywhere in the industry.

On the morning of the 23rd, Seo Jeong-hyup, Acting Mayor of Seoul, announced an emergency support plan for small business owners in businesses restricted to meetings and businesses due to prolonged infection by coronavirus (Corona 19). [뉴스1]

Gift Certificates are 15 payment apps that sell existing Seoul Love gift certificates (Bple Zero Pay, Check Pay, Money Tree, Focus, Payco, PINK, T-money Pay, Seul Bae Saeng, 010 Zero Pay, All- One Bank, Two You Bank, Some Bank, You can buy up to 300,000 won per person at IM Shop Jeonbuk Bank, Gwangju Bank). However, for one use, only 110,000 won (consumer 100,000 won + 10,000 won for Seoul) can be used and must be used before January 31 of next year. Its goal is to encourage quick financing for small business owners.

To find stores where you can use prepaid gift certificates, you can use the ‘Z-map’ smartphone app. After that, you can visit the store and pay with the QR code. If it is difficult to visit the store, you can send payments and coupons online by entering the payment amount in the payment application after communicating the payment intention to the company over the phone. We plan to provide a refund in the event that you are unable to use the amount within the time after prepayment.

Branch of the Seoul Credit Guarantee Foundation on February 17. [연합뉴스]

It also provides 800 billion won financing to companies affected by Corona 19. It offers preferential interest rates of 0.56% per year within the limit of 100 million won per company. A total of 16 industries are covered, including restaurants, general tutoring academies, performance facility management, reading room management, other sports facility management, restroom facilities, wedding halls, door-to-door sales and retail businesses. beauty and beauty.

From the loan limit of 100 million won, up to 30 million won are exempt from the limit test. The ‘guarantee ratio’ that the Seoul Credit Guarantee Foundation pays for principal and interest is 100% and the guarantee rate is 0.5%. The city of Seoul aims to start the consultation from the 28th and allow deposits to be made in the bank book until January 4 of next year.

In addition to supporting businesses directly affected by Corona 19, ‘special purpose funds’ for investment in small business facilities and start-ups also receive a 200 billion won loan. In particular, considering the lack of collateral for small business owners and the self-employed, the Seoul Credit Guarantee Foundation decided to operate a collateral endorsement worth 3.5 trillion won. The guarantee rate is 100% and the guarantee rate is 0.5%. For inquiries, please contact the Korea Credit Guarantee Foundation website (www.seoulshinbo.co.kr) and representative number (1577-6119).

A store located at the Express Bus Terminal Station on Seoul Subway Line 7. [중앙포토]

The city of Seoul also decided to expand the existing rent reduction policy. Support for 10,333 stores in city-operated public shopping centers such as underpasses and subway stations will be reduced by 50%, and support for cleaning and labor costs for security guards will be reduced from January to June next year. The support effect estimated by the Seoul Metropolitan Government is about 47 billion won.

Seo Jeong-hyup, Acting Mayor of Seoul, said, “If this happens (excluding prepaid gift certificates and reductions in rental rates), a total of 4.5 trillion won of liquidity will be provided.” “The end of the year and New Year holidays, which are considered the majority of the year for 660,000 small business owners and freelancers in Seoul, are colder and more difficult than ever this year,” said Seo. I will do my best to make this happen in a timely manner. ”

Reporter Heo Jeong-won [email protected]