MOU signing ceremony for Seoul’s Stimulus Checks for the Self-Employed
The Seoul Metropolitan Government (SMG) will begin receiving applications for Stimulus Checks for the Self-Employed on Mon, May 25. The stimulus checks will support those who are self-employed and small business owners who are suffering due to COVID-19. Online applications will begin on May 25, and on-site applications will start on June 15.
Eligible beneficiaries include approximately 410,000 small business owners and self-employed workers with less than KRW 200 million annual revenue for 2019 and whose business address is registered in Seoul (excluding some types of businesses including adult entertainment and gambling establishments). About 57,000 small businesses in Seoul (excluding some 10,000 establishments of specified industries), which is 72% or one-seventh of all small businesses, will receive the stimulus checks. The required budget is a total of KRW 574 billion.
Online registration will be available via PC/mobile devices on the official website (www.smallbusiness.seoul.go.kr) from Mon, May 25 to Tue, Jun. 30. For the smooth flow of operations, applications will be received based on a 5-day rotating system according to the last number of the applicant’s (or owner’s) year of birth. Applications will be received from all applicants on weekends irrespective of the year of birth. For example, an individual born in 1965 can apply on a Friday, while an individual born in 1977 can apply on a Tuesday.
5-Day Rotating Online Application System for Seoul’s Stimulus Checks for the Self-Employed
On-site applications can be made between Mon, Jun 15 and Tue, Jun. 30 with the required documents at a Woori Bank branch within the autonomous district of where his/her business address is registered or a designated location within an autonomous district. To prevent the confusion of on-site applications, a 10-day system will be implemented according to one’s year of birth. For example, self-employed individuals whose year of birth ends with ‘0’ can apply on Mon, Jun. 15, those whose year of birth ends with ‘1’ can apply on Tue, Jun. 16, and those whose year of birth ends with ‘2’ can apply on Wed, Jun. 17. The two days before the application deadline (Mon, Jun. 29 and Tue, Jun. 30) will be open to all applicants.
10-Day On-site Application System for Seoul’s Stimulus Checks for the Self-Employed
|Mon, Jun 15||Tue, Jun 16||Wed, Jun 17||Thu, Jun 18||Fri, Jun 19|
|Mon, Jun 22||Tue, Jun 23||Wed, Jun 24||Thu, Jun 25||Fri, Jun 26|
|Mon, Jun 29||Tue, Jun 30|
※ On-site applications will not be received on weekends
The application process was also simplified to keep self-employed individuals, who usually work from mornings to late nights, from closing their shops or working longer hours to receive issuance of documents.
Online applications will not require documents, but only an identity verification and business registration number. On-site applications will require an application form, ID, a copy of a certificate of business registration, and a copy of a passbook. An application by proxy will be accepted for individuals who are not able to personally make visits.
The online application website will open as part of a socially contributive project by KT Corporation. The SMG signed an MOU with KT Corporation, National Health Insurance Service, NTS Seoul Regional Office, Council of District Heads, Shinhan Card, BC Card, and KB Kookmin Card on the 13th to increase the convenience of those who are self-employed during the application process.
Applications will be reviewed by administrative data presented by the NTS Seoul Regional Office and the National Health Insurance Service. The SMG will utilize data from the NTS Seoul Regional Office to grasp the sales of applicants and data from the National Health Insurance Service to confirm hired personnel. Confirmation of actual business matters will be made through information provided by Shinhan Card, BC Card, KB Kookmin Card, the NTS Seoul Regional Office, and the official in charge of SMG Zero Pay.
More information on the stimulus checks can be found on the official website (www.smallbusiness.seoul.go.kr).’ Further inquiries can be made to the 120 Dasan Call Center or the on-site application office at the autonomous district of one’s business location.