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Hyundai Launches Campaign to Help Small Merchants Explore New Sales Channels Online

Hyundai Launches Campaign to Help Small Merchants Explore New Sales Channels Online

SEOUL, Dec. 29 (Korea Bizwire) — Hyundai Motor Group has formulated a plan to help small merchants that are suffering from the prolonged COVID-19 pandemic as part of its social contribution program ‘Gift Car.’ The group announced on Tuesday that it will launch the ‘Gift Car On Air’ campaign to help small businesses typically accustomed [...]

Gov’t to Cut Credit Card Processing Fees for Small Merchants

Gov’t to Cut Credit Card Processing Fees for Small Merchants

SEOUL, Dec. 23 (Korea Bizwire) – The government will cut credit card processing fees for small merchants to ease their burdens amid the COVID-19 crisis, the ruling Democratic Party said Thursday following its meeting with financial authorities. The commission rate for small merchants with an annual revenue of below 300 million won (US$252,550) will be lowered from [...]

S. Korea Draws Up Additional 12.7 tln-won Scheme for Merchants, Vulnerable People

S. Korea Draws Up Additional 12.7 tln-won Scheme for Merchants, Vulnerable People

SEOUL, Nov. 23 (Korea Bizwire) — South Korea said Tuesday it plans to chart out around 12.7 trillion won (US$10.7 billion) worth of support measures for pandemic-hit small merchants and vulnerable people with excess tax revenue and the state budget. The government unveiled a package of measures to support small merchants, including low interest rate [...]

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 [...]