S. Korean gov't unveils new measures to support self-employed
  • 5 years ago
In South Korea, more than 20-percent of the employed are self-employed.
To improve the business environment for these people, the Moon Jae-in administration has announced various measures such as providing financial support to lessen the burden stemming from the minimum wage hike.
And this morning, the government unveiled fresh measures including revitalizing old downtown areas.
For more, our Ko Roon-hee is on the line for us.
Roon-hee, tell us the latest.

Jiyoon.
The South Korean government announced on Thursday that by 2022, 30 commercial districts in old downtown areas where self-employed businesses are concentrated...will be transformed into a new composite space ...where people can enjoy shopping and culture.
The specific locations of where these 30 areas will be... have not been decided yet.
Speaking to reporters in Seoul, the minister of SMEs and Startups, Hong Jong-hak said...this measure includes supporting traditional markets...by improving their facilities or providing enough space for parking.
Another main issue is revitalizing the local economy.
The ministry of SMEs aims to issue more gift certificates that can be used in traditional markets or small and mid-sized businesses.
One example is the Onnuri gift certificate, and the ministry aims to issue around 8-point-9 billion U.S. dollars worth of the certificates by 2022.
The government vowed to encourage public institutions to purchase more of these certificates.

So, what about the people who want to start their own businesses in the future, any plans for them?

Yes, by 2022, the government aims to provide vocational training for 20-thousand people wishing to start their own business.
In addition, the government aims to provide videos of success and failure stories of startups.
And lastly, it will review whether it is possible to ease the conditions for the self-employed to get employment insurance.
That's all from me at this hour, Ji-yoon.
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