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Busan Metropolitan City to Provide up to KRW 2 Million for Small Business Owners Who Give Birth — Launch of the “Business Expense Support Program for Small Business Owners Who Give Birth”

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Busan Metropolitan City (Mayor Park Heong-joon) announced that it will implement the “Business Expense Support Program for Small Business Owners Who Give Birth” to alleviate the childcare burden on small business owners in Busan and help overcome the low birth rate crisis.

This program is part of the ongoing “Support Package for Small Business Owners Raising Children,” following three existing projects:

• 1.wage subsidies for replacement workers during childbirth and childcare leave,

• 2.public childcare service support for small business owners, and

• 3.childcare encouragement payments for non-homeowning small business owners.
  This marks the fourth new addition to the package.

The program is fully funded by KB Financial Group and will be managed and implemented by the Busan Economic Promotion Agency (Busan Small Business Support Center).
(*Under the “Support Package for Small Business Owners Raising Children” agreement signed on September 11, 2024, among Busan Metropolitan City, KB Financial Group, and the Korea Federation of Micro Enterprises, KB Financial Group donated KRW 3 billion to fund the projects.)

Reflecting the reality that small business owners often fall into the blind spot of childbirth and childcare support policies compared to wage workers, this program provides financial assistance for business operating costs to small business owners in Busan who have given birth to a child since January 1, 2025.
Each eligible business owner can receive up to KRW 2 million per child.

The subsidy covers documented business-related expenses incurred after January 1, 2025, such as rent, utility bills, and insurance premiums, reimbursed within the amount verified upon application.

The program announcement begins today (November 12), and applications will be accepted exclusively online via the Small Business Support Center website (bsbsc.kr) until the allocated budget is fully spent.
For inquiries, applicants may contact the Busan Small Business Support Center Call Center at ☎1833-3665 or visit the program website (bsbsc.kr) for details.

Kim Bong-cheol, Assistant Mayor of the Digital Economy Office, stated, “We hope this program helps small business owners in our city maintain a healthy balance between family and work, while creating an environment where they can raise their children with peace of mind. We will continue to develop initiatives that reduce the childcare burden for small business owners.”