8 out of 10 Small Business Owners Say 'Consumption Coupons Contribute to Domestic Demand Activation'

[Financial News] 8 out of 10 small business owners foresee that domestic demand activation will be achieved to some extent through the 'Livelihood Recovery Consumption Coupons'. However, there were more opposing opinions than those in favor regarding debt adjustment through a bad bank.
The Central Association of Small and Medium Enterprises announced on the 27th the results of a 'Policy Survey on Small Enterprises and Small Business Owners' conducted from the 17th to the 20th on 396 subscribers of the Yellow Umbrella. In response to the question about the tasks that need to be prioritized for small business owners (including some small enterprises), the most responses were 'Domestic Demand Activation and Consumption Promotion (39.4%)'. This was followed by 'Financial Support (32.4%)' and 'Strengthening Social Safety Net (12.0%)'.
In particular, in response to the question about the effect of the livelihood recovery consumption coupons on domestic demand activation, 81.1% of respondents said 'There will be an effect'. On the other hand, regarding long-term and small-amount delinquent debt adjustment through a bad bank, 'Opposition (59.1%)' was higher than 'Support (40.9%)'.
When asked whether a credit evaluation model exclusively for small business owners is needed in addition to credit evaluation based on financial statements such as sales when applying for bank loans, the response 'Necessary (71.0%)' was the most common. The most common route through which small business support systems were learned was 'Media such as news and newspapers (30.2%)', followed by 'Government and public institution websites (17.3%)', and 'SNS such as YouTube and blogs (16.8%)'.
In response to the question of whether the promotion of small business support systems is well conducted, the responses were 'Average (54.3%)', 'Not well conducted (26.8%)', and 'Well conducted (18.9%)'. As for improvement measures for promoting support systems, 'Direct notification to policy targets via text messages or KakaoTalk (33.1%)' was the most common, followed by 'Establishing a website where all support systems can be checked at a glance (28.5%)', and 'Strengthening promotion through major media such as news and newspapers (15.8%)'.
Min-Kyung Lee, Director of Policy Coordination at the Central Association of Small and Medium Enterprises, said, "Due to the continued sluggish domestic demand, the difficulties of small business owners are great, with more than 1 million closures last year," and "I hope the livelihood recovery consumption coupons will become a catalyst for domestic demand activation."
He added, "Although there are various support policies for small business owners, it is regrettable that they are not properly delivered," and "It is necessary to improve the guidance method and delivery system to increase the perceived benefits for policy beneficiaries."

butter@fnnews.com Kang Kyung-rae Reporter