JEOLLABUK-DO < invest Korea

According to Yonhap News,

(JEONJU=Yonhap News) Jeonju city is set to support financing for promising SMEs and small businesses suffering from management difficulties and export decline.

The scale of operation and startup funding is KRW 5.9 billion in total, KRW 300 million for one SME and KRW 20 million for one small business.

For those who took out loan from commercial banks, 3 percent interests for general companies and 3.5 percent interests for women, disabled, venture, local, and technology innovative companies will be made up for.

The loan period is 2 years (1 year can be extended). For more details, refer to the website of Jeonju city (www.jeonju.go.kr).


ichong@yna.co.kr

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Source Text

Source: Yonhap News (August 19, 2019)

** This article was translated from Korean.