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3rd Payment of Grant Differential by Industry Since Early January … Appears to be Over $ 5 Trillion Total
An additional 500,000 won is expected to be paid to freelancers and special advisers received in the first and second sessions.
The government will provide a third grant amounting to an increase from 500,000 to 1 million won from the second disaster grant to industries affected by the reproliferation of the new coronavirus infection (Corona 19). Additionally, in order to reduce the rental burden on small business owners struggling with high intensity social distancing, he has decided to increase support, especially for prohibited and restricted businesses. A total of 5.8 million people, including corporations, private taxi drivers, workers of a special type (special trainers) and self-employed, receive subsidies for damages.
On the 27th, the Democratic Party, the government and the Blue House held a high-level party government council to provide the third disaster emergency support fund in the National Assembly and held a party government council of high level to discuss personalized damage support measures for Corona 19. The government plans to announce details of countermeasures on the 29th based on the day’s discussion.
After President Moon Jae-in pointed out the problem of the rent burden for small business owners, the solution the party government found was the “fixed cash support method”. To this end, it was decided to pay more than the second grant to the third disaster grant, ‘Small Business Support Fund’. The party government focused on “quick support” in a situation where the damage to small business owners was increasing.
Consequently, the budget for the third disaster support fund is estimated to increase from the original plan of 3 trillion won to around 5 trillion won. The government plans to fund next year’s budget by adding 3 trillion won, which was arranged as the third grant, the second non-executed budget of this year’s disaster grant, 500 billion won, and next year’s reserve budget.
The government maintained the same framework of 2 million won for banned group businesses, 1.5 million won for restricted group businesses, and 1 million won for general businesses with annual sales of less than 400 million won when sales decreased. In particular, additional support in consideration of the rent burden was focused on the sectors where collective prohibitions and restrictions were the most affected.
It is a method of paying 1 million won to both prohibited / restricted businesses and general businesses, but 2 million won to prohibited businesses and 1 million won to restricted businesses. In other words, the group banned sectors receive 3 million won, the group restricted sectors receive 2 million won, and the general sector receives 1 million won. Compared with the second subsidy, the number of businesses whose collection is prohibited has increased from 2 million won to 3 million won, and from 1.5 million won to 2 million won, but the overall industry is still the herself.
Businesses that are prohibited in stage 2.5 of distancing from streets in the metropolitan area are entertainment facilities such as entertainment bars and hunting pots, karaoke rooms and gyms. be be. Among them, the PC room was a group banned business for the second time, but this time, because it is a group restricted business, the amount of support is the same at 2 million won. Winter sports-related businesses such as ski resorts and Hold’em pubs, which have been subject to additional group bans due to the tightening of quarantine, are expected to award the corresponding amount to those who are banned. group. In consideration of participation in private taxis, corporate taxis will also receive subsidies for industries in general. In the case of the second subsidy, about 150,000 people in the business are prohibited from collecting and about 320,000 people in the industry are prohibited from collecting. This is 13% of the 2.91 million targets, including the industry in general.
Initially, the government prepared the third grant as a personalized measure for small businesses, but as the damage from the spread of Corona 19 increased, it included support for the disadvantaged. Regarding the form of payment, as in the case of the second subsidy, the emergency subsidy for occupational safety was also paid.
At that time, the government paid an additional 500,000 won per person to 500,000 special-type (special high school) and self-employed workers who received the first emergency job security grant of 1.5 million won per person. For the special high school and the self-employed who did not receive the first grant, they received an application and gave 1.5 million won per person to 200,000 people. An additional 500,000 won is expected to be paid to the self-employed who received the 1st and 2nd grant of the 3rd grant. Even among freelancers and special advisers who have not received subsidies in the meantime, there is the possibility that a new subsidy will be awarded if damage has occurred due to the reproliferation of Corona 19 at the end of the year.
/ Reporter Minhyuk Kim [email protected]
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