Seobu Power "Overcoming COVID-19 Damage... Emergency Management Fund Support for Taean Small Business Owners"
Partial Compensation for Loan Interest Costs for Small Business Owners and Partner SMEs... Applications Open from the 26th
Support for Up to 90% of Interest Costs for Over 100 Companies, Maximum 3 Million Won
[Asia Economy Reporter Kim Bo-kyung] Korea Western Power is implementing emergency management fund support for small business owners and partner small and medium-sized enterprises (SMEs) in the Taean area, which have been affected by the novel coronavirus disease (COVID-19), to ease their financial burden.
Since 2017, Western Power has been conducting the 'Win-Win Growth Cooperation Loan Project' in partnership with IBK Industrial Bank of Korea, and the 'Didimdol Financial Project' with Shinhan Bank and SGI Seoul Guarantee. Through these initiatives, it has supported financing costs for about 210 companies, including small business owners and partner SMEs located in Taean-gun.
The newly launched 'COVID-19 Response Financial Support Project' was promoted to share the increasing hardships caused by the prolonged domestic economic downturn due to COVID-19.
In particular, by compensating part of the loan interest costs for small business owners in tourism and food service sectors who have lost work amid sluggish domestic demand, as well as partner SMEs, it is expected to help improve the management environment of small enterprises.
Companies wishing to apply can refer to the announcement on Western Power's external website starting from the 26th and apply via the responsible person's email. Administrative procedures will be minimized to ensure timely and sufficient support. Western Power plans to support up to 90% of interest costs, with a maximum of 3 million KRW, for about 100 companies through this project.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- "Jeong Yu-kyung Is a Neighbor"...Itaewon Standalone House with Record 23.2 Billion Won Appraisal Up for Auction [Real Estate AtoZ]
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
A Western Power official stated, "We hope this project can alleviate some of the difficulties faced by small business owners and SMEs," and added, "Going forward, Western Power will continue to discover and implement support measures to revitalize economic activities that have been contracted due to COVID-19."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
