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Government to Pay 500,000 Won 'Burden Relief Credit' to Small Businesses with Annual Sales of Up to 300 Million Won
AI 3-line summary
- From July 2025 through the end of the year, the government will sequentially pay a 'burden relief credit' to small businesses with annual sales of 300 million won or less.
- About 3.11 million small businesses will each receive roughly 500,000 won, funded by a 1.6 trillion won budget in the supplementary budget bill.
- The credit will be issued as points rather than cash and can be used to pay electricity, water and sewage bills, and the four social insurance premiums; detailed eligibility requirements will be announced later.
Summary written by AI from the original article · 88 languages
Read the full article (machine translation) → Original article (Korean): 정부, 연매출 3억 이하 소상공인에 50만 원 ‘부담경감 크레딧’ 지급…7월부터 순차 시행
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