Despite the government decision to pay five million won in compensation for pandemic restrictions, small business owners insist they need 100 percent compensation for their losses.
In a statement Friday, the Korea Federation of Micro Enterprise said it had hope following a decline in COVID-19 cases, but is once again disappointed by the extended curbs and demanded full compensation of all losses.
The federation called for bold financial support from the state for more recipients and urged parliament to discuss a 100-trillion-won supplementary budget as presidential candidates are voicing that much assistance.
Seven organizations representing the self-employed, including a food service industry association, also conveyed a similar stance, saying that distancing measures strip them of their right to survival and the government must compensate for all losses inflicted.
However the groups have responded positively to the pledge to make advance payments of five million won to 550-thousand small business owners through next year’s first quarter.
Small Businesses Demand Full Compensation for Losses Following Extended Curbs
Source: Matira Matibay
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