Equipment Loan “Targeted Disaster Grant Support for Small Business Owners and Self-Employed with Reduced Sales”



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On the 31st, when the use of the Emergency Disaster Support Fund ends, a notice about the availability of the Disaster Support Card is posted in Jongno 5-ga Underground Mall, Jongno-gu, Seoul In May, the government provided a disaster relief fund of 400,000 to 1 million won per household for the entire population. Emergency disaster assistance funds that have not been used up to this day will be returned to national and local governments. 2020.8.31 / News1 © News1

The government has decided to award a second emergency disaster grant to small business owners and the self-employed whose sales have declined significantly due to the strengthening of social distancing to prevent the spread of the new coronavirus infection (Corona 19). The company plans to accelerate the selection and payment of targets based on sales that are easier to understand than revenue.

When asked how to select payment targets on the radio broadcast on the 4th, Kim Yong-beom, First Deputy Minister of the Ministry of Strategy and Finance, said: “Small business owners and the self-employed see the sales standard as a basic indicator “. I can have it. “Vice Minister Kim said the day before that” Corona 19’s damage is concentrated in certain classes, so it is appropriate to selectively support them. “

The reason the government intends to use sales as the basis for selective payment is to provide subsidies as soon as possible to small business owners and freelancers who are on the threshold of closure by strengthening social distancing. . It takes time to calculate your income, but you can easily verify sales using card payment details.

At the time of the first discussion about the emergency disaster grant, the experience of trying to select income based on income also had an impact. At the time, the self-employed protested that their income could vary depending on the time of tax filing and that they could not accurately know the decrease in income caused by the Corona 19 incident.
However, even on the basis of sales, it seems inevitable that the reaction of those who were not eligible for support, as in the case of the first disaster support payment, is inevitable. Freelancers who primarily receive cash may not be included in the support because their sales are not properly calculated, or there may be some who do not meet the criteria for reduced sales. The government also plans to refine the detection method, as such controversy will arise. Vice Minister Kim said: “We are preparing with the aim of confirming and announcing (selection method) for next week.” The government is studying a variety of ways to provide support for small business owners and the self-employed, as well as a variety of support methods for those affected by social distancing. It is also discussing ways to expand support for emergency caregivers, employment stabilization funds for companies struggling to keep their jobs, financial and non-financial support for vulnerable groups such as special employees, the self-employed and the unemployed.

A government official said: “Basically, the main targets include industries that have reduced direct sales due to reinforced social distancing, and policies are being made with direct and indirect victims in mind.”

Sejong = Reporter Song Chung-Hyun [email protected]

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