Daejeon City is actively stepping up to help small business owners overcome the management crisis by becoming the first in the nation to support card payment communication fees.

The card payment communication fee support program provides assistance for wired and wireless communication costs incurred in operating card payment terminals. This year, the city has allocated 1 billion won to support 8,000 small businesses.

Applications will be accepted online for one month, from July 7th to August 6th. The support is on a first-come, first-served basis for small business owners who have been operating their businesses since before July 1, 2024, and have annual sales of less than 104 million won. A maximum of 110,000 won will be disbursed by August 20th.

More details can be found on the Daejeon Small and Medium Business Support Portal, DaejeonBiz (www.djbea.or.kr/biz). For information on online application methods and other inquiries, you can contact the Daejeon Job & Economic Promotion Agency (☎380-3034~3039).

Previously, this year, the city significantly lowered the barriers to support programs to ease the burden on small business owners. This included increasing rent support from 300,000 won (one time) last year to a maximum of 600,000 won (twice) this year, and largely abolishing restrictions on labor cost support criteria.

Kwon Kyung-min, Director-General of the Daejeon City Economic Bureau, stated, "We hope that the burden on small business owners, who are facing difficulties due to the ongoing economic downturn, will be eased even a little. We will continue to meticulously implement support policies in the second half of the year until business conditions stabilize and the public economy recovers."

[Copyright (c) Global Economic Times. All Rights Reserved.]