與 “The 4th Disaster Subsidy, Up to 6.5 Million Won Supported to Small Businesses”

Input 2021.03.01 13:48

“The Loss Compensation Act, “if the bill passes in March”

Hong Ik-pyo, chairman of the Democratic Party’s Policy Committee, announced on the 1st that up to 6.5 million won can be provided to small business owners and self-employed persons as the fourth disaster support fund.

Chairman Hong appeared on the MBC radio that day and said, “We have increased the funding for the support a little and diversified the section.” 5 million won is paid to businesses that have been banned from business, 4 million won to those that have been banned from business, and 3 million won to businesses that have been restricted from operating. One million to two million won is paid to the general industry. Separately, additional support for electricity bills of up to 1.5 million won is provided to small business owners and self-employed. Accordingly, you can receive up to 6.5 million won.

Regarding the support for street vendors, Chairman Hong explained that “about 40,000 registered street vendors managed by local governments are supported.” In the criticism of’supporting street vendors who don’t pay taxes’, he said it was a “very malicious frame.” He said, “There is no one in the Republic of Korea who does not pay tax. Anyone who consumes it pays VAT,” he said. “We will give priority to the most difficult people in the social community.”

Out of the 15 trillion won of the additional correction budget (additional) for the 4th disaster support payment, 9 trillion won will be prepared by issuing government bonds. The remaining 5,100 billion won will be secured with world surplus of 2.6 trillion won, BOK surplus of 800 billion won, and funding of 1.7 trillion won. Chairman Hong said, “Currently, we are not reviewing the symptoms related to this supplementary administration.”

Regarding the Loss Compensation Act for small business owners and self-employed persons, Chairman Hong said, “I hope that the bill will pass by the National Assembly within March.” “It applies retroactively from the day it was promulgated, so if the bill passes on March 30th, it will apply from then.”