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Issuance of prepaid gift certificates 100 billion won
Financial support for victims of the crown
On the morning of the 23rd, Seo Jeong-hyup, the acting mayor of Seoul, announced an emergency support plan for small business owners in restricted businesses and banned meetings due to prolonged infection by coronavirus (Corona 19). News 1
The city of Seoul will significantly reduce the rent of public shopping centers for small business owners suffering from the third pandemic of the new coronavirus infection (Corona 19). To ease the money breath for small businesses, it has also launched a 900 billion won support plan.
The city of Seoul announced on the 23rd that it will reduce the rent of public shopping centers such as underpasses and subway malls by 50% for 6 months from January next year, and temporarily reduce the burden of expenses. management, such as expenses and cleaning staff expenses, for 6 months.
This measure targets a total of 1,333 small businesses and small business owners who are on the property of the city of Seoul or on the property of investment and sponsoring organizations in Seoul, and the city is expected to have an effect total support of 47 billion won. Loss of profits of investment and sponsoring institutions due to reductions in rental rates will be compensated by the Seoul Metropolitan Government or through improved management. Previously, the city of Seoul cut the rent and administrative expenses of 1.90 public stores by KRW 66.8 billion twice this year.
Regarding the problem of renting out the self-employed in shopping malls in general, who have limited business after ‘social distancing’, Seo Seong-man, Seoul Labor and Welfare Policy Officer, said: “If the government announces a comprehensive rental plan, the Seoul Metropolitan Government will complement the ‘good business of owners’. It is being reviewed internally so that it can be done. “
Starting on the 28th, Seoul will also issue prepaid gift certificates worth 100 billion won, which can be used anywhere in the city. The city explains that the gift certificate gives the city an additional savings of 10% when a consumer purchases it, and provides an additional benefit of 10% or more to the company when making the prepayment, so that the consumer can enjoy the benefits of ‘20% + alpha (α) ‘. . When a consumer pays 100,000 won, a gift certificate with a face value of 110,000 won is issued, and companies participating in prepayment provide a service worth 120,000 won with an additional 10,000 won. Gift certificates can be used in singing practice centers, indoor sports facilities, restaurants and cafes, public baths, PC rooms, beauty and beauty salons, reading rooms and study cafes, etc., which were seen directly affected by the update of step 2.5 in the metropolitan area.
Gift certificates can be purchased up to KRW 300,000 per person on 15 payment apps such as Bple Zero Pay and Check Pay that sell Seoul Love gift certificates. The payment period for gift vouchers is until January 31 of next year, and it is best to find a store that accepts vouchers in the ‘Z-Map’ smartphone app or on the website (www.zeropaypoint.or .kr) before purchasing.
Some point out that it is questionable how effective issuing gift certificates will be in a situation where business is not free due to greater distance. However, a Seoul city official said, “From the perspective of the business owner, if the customer pays in advance, the reduced sales can be offset by that amount and the customer can use the amount paid even after reducing the amount. distance”.
Seoul City offers loans to Corona 19 affected businesses, such as small business owners, at an interest rate of 0.5%, a 100% guarantee rate, and 0.56% annually without a credit exam. limit within 30 million won. For more information, see the Seoul Credit Guarantee Foundation website (www.seoulshinbo.co.kr) or contact their representative number (1577-6119).
Minsik Park reporter [email protected]
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