[Infostock Daily=Reporter Park Jeong-Do] The second financial support program to support small business owners who are suffering from prolonged Coronavirus (Covid-19) will be expanded and reorganized. The new financial support program will be available from the 23rd, as the limit of support will increase and small business owners who have already received support will be able to receive additional support.
The Financial Services Commission announced on the 15th that it will hold a 'Financial Risk Response Group Meeting' under the presidency of Vice Chairman Son Byung-doo and expand the Covid-19 Financial Support Program. The government has decided to expand the support limit for the second financial support program for small business owners and increase the P-CBO limit for Covid-19.
First, the second financial support program for small business owners will be expanded from 10 million won to 20 million won. Users of the second program, which has already received 10 million won, can receive an additional 10 million won. If the amount of support is less than 30 million won, the recipient of the first program can receive additional support. About 91.7% of the recipients of the first program are included in the additional support.
The Financial Supervisory Commission has decided to apply for a second program at 12 commercial banks starting on the 23rd, and plans to make the most of the support before the Chuseok holiday.
Support for companies will also increase. P-CBO limits will expand. The limit per company was 70 billion won for medium-sized companies and 100 billion won for large corporations. In the future, the number of medium-sized companies will increase to 105 billion won and large companies to 150 billion won. The limit of support per affiliate will also be expanded from 150 billion won to 250 billion won for large companies.
The Finanancial Supervisory Commission lowered the burden on companies from 9 percent to up to 6 percent.
The commission has decided to provide investment guidelines for the introduction of new Deal funds during the month to provide specific support targets.
Reporter Park Jeong-Do newface0301@naver.com
