Lotte Tour Development Donates 200 Million KRW to Jeju Credit Guarantee Foundation

[Asia Economy Reporter Donghyun Choi] Lotte Tour Development has decided to actively support small business owners as part of regional win-win cooperation.

On the 22nd, Lotte Tour Development announced that it will contribute a total of 400 million KRW, with 200 million KRW each, to the Jeju Credit Guarantee Foundation (Chairman O In-taek) together with Hana Bank for small business owners in the Jeju area.

Based on this contribution, the Jeju Credit Guarantee Foundation plans to provide a special guarantee of 6 billion KRW, which is 15 times the contribution amount, to small business owners in the Jeju region.

This opens up opportunities for small business owners in Jeju, who have difficulty receiving financial services due to lack of collateral capacity, to obtain not only low-interest loans but also special guarantees.

O In-taek, Chairman of the Jeju Credit Guarantee Foundation, stated, “In Jeju, where small business enterprises account for 86.7% of all businesses, this contribution will serve as a good model for win-win cooperation between large corporations and small business owners.”

Separately, Lotte Tour Development plans to soon sign a business agreement with the Jeju Small Business Management Support Center and engage in various support projects ranging from startup support to welfare services such as health promotion and college entrance consulting.

In line with the opening scheduled for April, Lotte Tour Development will complete the headquarters relocation procedures, including registration transfer, and continuously implement more win-win cooperation measures for small business owners to fulfill its role as a leading local company.

This content was produced with the assistance of AI translation services.