On Oct. 27, Kwon Chil-seung, Minister of SMEs and Startups, held a foreign press briefing on loss recovery fund at the Korea Press Center in Seoul. 
The Ministry of SMEs and Startups will provide small business owners with opportunities to ask for Loss Recovery Fund. Small business owners will be given Loss Recovery Fund from October 27. In 2021 3Q (July ~ September), 800,000 businesses will be given a relief package of 2.4 trillion won in total. The small businesses can conveniently apply online from 8AM, October 27, and receive the fund on the day of application.