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  • Govt To Provide Subsidy To Small Businesses To Ease Wage Hike Effect
The government is planning to execute the job stabilization fund next year to ease the impact of a sharp minimum wage hike on owners of small and medium sized businesses.

Finance Minister Kim Dong-yeon said last week that subsidies within the 3 trillion won limit will continuously be provided to business owners next year.

The fund provides small businesses employing less than 30 employees up to 130,000 won in financial aid per worker.■

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