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The impact of social distance to prevent the spread of Corona 19 has reduced the production of service industry to the largest level in the past. The government said that the small business owners were hit hard, and they came up with a second small business emergency loan measure worth 10 trillion won.

Reporter Hwagang Yoon reports.

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Last month, the service industry production index plunged 4.4% MoM, falling 17.7% in the food and lodging sector.

This is the biggest drop since we started making statistics in 2000.

Retail sales, which show consumption trends, also fell 1.0% MoM, and indicators for current and future economic growth are also significantly worse than February.

Due to the rapid spread of Corona 19 and the strong social distance, the domestic economy has contracted significantly, mainly in the service industry that requires face-to-face transactions.

The government has come up with a second small business financing measure of 10 trillion won to support small business owners who have lost their money right now.

[Gimyongbeom / Strategy and Finance Vice: This is because the extended positioning social distance for the prevention of the real economy, the spread of Corona 19 aftermath and especially infectious diseases spread exert artisanal small business owners who sustained impact that engaged in self-employment;

secondary support all small business For the target, funds up to 10 million won are supported through commercial banks at an annual interest rate of 3 ~ 4%.

However, we decided to focus only on the middle and low credit ratings, and we are planning to exclude the beneficiaries of the first small business loan program.

The government plans to start receiving pre-viewing on May 18th and begin screening loans on May 25th.