Jeongeup-si Distributes Guidebook on Small and Medium Enterprise Support Policies
[Asia Economy Honam Reporting Headquarters Reporter Kim Jaegil] Jeongeup City in Jeollabuk-do announced on the 14th that it canceled the ‘2020 Small and Medium Enterprise Support Policy Briefing Sessions’ scheduled for the 4th and 11th due to the recent increase in COVID-19 cases, and produced booklets containing policy details from support organizations (Ministry of SMEs and Startups, Jeollabuk-do), which were mailed to 115 companies.
The guidebook clearly explains Jeongeup City's enterprise support policies along with those of Jeollabuk-do and related organizations, including investment subsidy support criteria.
It also includes information on related SME support organizations and associations, factory establishment, Jeollabuk Research and Development Special Zone guidance, Jeongeup Advanced Science Industrial Complex, and Railway Industry Agricultural and Industrial Complex sales guidance.
According to the booklet, the city will provide 5 billion KRW in management stabilization funds this year to promote the stabilization of SME management and alleviate financial difficulties.
The support criteria are up to 300 million KRW per company (within half of the annual sales), with a 2% interest subsidy, and a repayment period of either a 2-year grace period with lump-sum repayment or a 2-year grace period with equal installment repayment (8 times).
Additionally, the city will invest 1.25 billion KRW in maintaining and reinforcing functions of industrial and agricultural complexes to create a business-friendly environment.
Furthermore, it plans to implement various enterprise support policies, including supporting 12 projects with 1.45 billion KRW to revitalize SMEs.
The city intends to share the contents of the booklet with more citizens by uploading it on the city’s website for online access.
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A city official stated, “We have also opened and are operating a damage reception desk to support companies affected by the spread of COVID-19,” adding, “We will continue to pay close attention and make efforts to minimize damage to local companies and prepare support measures.”
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