Loan relief offered to small businesses hurt by the coronavirus pandemic will be extended for another six months, the country's financial authorities said Tuesday.
The government will spend 9.3 trillion won on the third round of emergency coronavirus relief grants, giving up to 3 million won in cash to businesses forced to shut down and 1 million won to people with insecure jobs such as freelancers.
Small businesses have been devastated by the pandemic, so much so that even some of the classics — much beloved, decades-old mainstays — have been forced to close.
The Seoul Metropolitan Government opened an online shopping mall Monday where small businesses can sell products to public institutes in the capital, as part of efforts to help struggling entrepreneurs amid the coronavirus pandemic.
For some small business owners and self-employed workers in Korea like Kim See-dong, who runs a coin noraebang, or singing room, in Guro District, western Seoul, the recent government directive to shut down certain businesses to contain the Covid...