Seoul-25 autonomous districts paid 1 trillion won in’disaster support fund’

Input 2021.03.22 11:55

The Seoul Metropolitan Government and 25 autonomous districts are paying 1 trillion won in disaster support for citizens suffering from coronavirus infection.

Seoul Mayor Seo Jeong-hyup and Lee Dong-jin, the mayor’s council chairman, made the same announcement through a briefing held at the Seoul City Hall on the morning of the 22nd. According to the Seoul Metropolitan Government, 25 autonomous districts pay 200 billion won and the Seoul city 300 billion won, and the actual amount of support including loans is 1 trillion won.

The disaster support fund consists of 12 projects in three areas: small business owners, vulnerable groups, and supportive sectors.

First of all, apart from the government’s 4th disaster subsidy, the’Seoul Economic Vitality Fund’ will be provided up to KRW 1.5 million per company for collective prohibited and restricted businesses. Damage subsidies will also be provided to small business owners in restricted and prohibited businesses that have closed their business since March last year.

Additional support for living expenses is provided to low-income vulnerable groups such as basic living recipients, the next higher class, and legal single-parent families. Employment subsidies are provided to unemployed youth who have been unemployed for a long time due to the coronavirus, and subsidies are also provided for transport workers and the culture and arts community to support industries that have been substantially damaged. It also included support measures for tourism and MICE industries, day care centers, community children’s centers, and nursing homes for the elderly.

According to the mayor’s council, this disaster support fund was first proposed by the autonomous district. With the intent of supporting small business owners in need, the municipality first made a decision to provide additional support through a process of coordination with the municipality first, the timing of the payment, the target of payment, and the amount of payment.