19,500 billion won off… Karaoke 5 million won · Support for street vendors

The scale and payment method of the 4th Corona 19 disaster support has been confirmed. First, we divide the damage of small business owners into five stages and support up to KRW 1-5 million. This time, the range of support has been further increased, including street vendors that have been considered as blind spots for government support. This includes employment maintenance and quarantine support measures, with a total cost of 19 trillion won, of which 15 trillion won will be provided through an additional budget.

First, reporter Hwa Gang-yoon summarizes the target, amount, and method of application.

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11 businesses, including karaoke bars, where group bans were maintained until January 17th, receive 5 million won.

In early January, 4 million won is paid to academies and winter sports facilities where the ban on gatherings has been eased, and 3 million won is paid to places where business is restricted, although gatherings are not prohibited.

Among the small business owners whose sales declined from 2019, business-critical businesses such as the travel industry, which were hit harder, received 2 million won, and the rest received 1 million won.

Businesses with 5 or more employees, which were excluded in the third round, and companies with sales of 4 to 1 billion won or less were included, and the number of targets increased by 1 million to 3.85 million.

Electricity bills are also reduced.

[홍남기/경제부총리 : 방역 조치 대상인 소상공인 115만 명의 전기요금을 집합금지업종은 50%, 제한업종은 30%씩 3개월간 감면 조치하고자 합니다.]

Self-employed people want to ease restrictions on business hours as well.

[서문석/헬스장 운영 : 안 해주는 것보다 해주는 게 낫지만, 저희들 운영하는 데는 무엇보다 시급한 문제는 영업시간을 지금 10시로 되어 있는데 11시나 12시로 해주시면….]

19 trillion won will be invested in total, including special employment, freelancers, corporate taxi drivers, and street vendors support, as well as public jobs and vaccine purchase costs.

Of this, KRW 4.5 trillion is prepared through the existing budget and KRW 15 trillion is prepared through an additional budget. Excluding the fund’s resources, KRW 9 trillion is planned to be issued by issuing deficit government bonds.

When the supplement is confirmed, the national debt will reach 966 trillion and the ratio of national debt to gross domestic product will rise to 48.2%.

(Video coverage: Kim Min-cheol, Video editing: Commissioner Yang, VJ: Jeong Min-gu)

▶ How much is the subsidy for a family of four who are self-employed?

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