small merchants Archives | Be Korea-savvy
Seoul City to Offer 800 bln Won in Low-interest Loans to Virus-hit Small Merchants

Seoul City to Offer 800 bln Won in Low-interest Loans to Virus-hit Small Merchants

SEOUL, Dec. 23 (Korea Bizwire) — The Seoul city government said Wednesday it is offering 800 billion won (US$721 million) in low-interest loans to small businesses hit hard by the coronavirus pandemic. Acting Seoul Mayor Seo Jeong-hyup unveiled the plan during a press briefing, saying small business owners can apply for up to 30 million [...]

Small Merchants, Retailers Hit by Resurgence in Virus Cases

Small Merchants, Retailers Hit by Resurgence in Virus Cases

SEOUL, Aug. 19 (Korea Bizwire) — Small merchants and local retailers are facing another business setback as South Korea’s stricter social distancing, adopted following a spike in new coronavirus infections, could prompt people to refrain from visiting restaurants and other offline outlets. South Korea has reported nearly 1,300 new cases of COVID-19 in the past [...]

Credit-card Commission Fees for Small Merchants to be Lowered from Next Month

Credit-card Commission Fees for Small Merchants to be Lowered from Next Month

SEOUL, Jan. 7 (Korea Bizwire) — Credit-card commission fees for small merchants will be lowered starting next month as the government seeks to ease financial burdens on self-employed business owners, according to officials at credit-card firms Monday. Starting in February, credit-card processing fees for small merchants with an annual revenue of between 500 million won [...]

Self-employed People Face Gloomy Outlook

Self-employed People Face Gloomy Outlook

SEOUL, Jan. 2 (Korea Bizwire) — Small business owners in South Korea may face a bumpy road again this year despite a series of government measures to support them, industry watchers said Wednesday. The year 2018 was one of the worst years for self-employed people in Asia’s fourth-largest economy as they were hit hard by [...]