Gwangju Buk-gu Establishes Basis for Special Guarantee Support for Small and Medium Enterprises
New Clause on 'Special Guarantee and Interest Differential Support for Small and Medium Enterprises' Added to Relevant Ordinance
[Asia Economy Honam Reporting Headquarters Reporter Park Seon-gang] Buk-gu, Gwangju Metropolitan City (District Mayor Moon In) announced on the 20th that at the Buk-gu Council plenary session held on the 19th, it approved the amendment of the "Ordinance on the Promotion and Support of Small and Medium Enterprises in Buk-gu, Gwangju Metropolitan City," which includes the establishment of provisions for "Special Guarantee for Small and Medium Enterprises and Interest Rate Differential Support" to provide management fund support for small and medium enterprises struggling due to COVID-19.
This ordinance amendment follows the results of last month's survey on COVID-19 business damages, which identified management fund support as the top priority.
Accordingly, Buk-gu plans to secure the related budget in the second supplementary budget next month and, as early as July, sign a business agreement between the Gwangju Credit Guarantee Foundation and Gwangju Bank to promote a loan interest rate differential support project.
In particular, the district intends to actively negotiate to ensure that small enterprises with fewer than 10 regular employees, which find it difficult to secure management funds, can receive smooth support.
Meanwhile, Buk-gu plans to provide loans up to 100 million KRW per company and support an interest rate differential of 2% per annum for one year through this "Special Guarantee for Small and Medium Enterprises and Interest Rate Differential Support Project," which was previously only available to small business owners.
Hot Picks Today
Taking Annual Leave and Adding "Strike" to Profiles, "It Feels Like Samsung Has Collapsed"... Unsettled Internal Atmosphere
- There Is a Distinct Age When Physical Abilities Decline Rapidly... From What Age Do Strength and Endurance Drop?
- Court Halts Kim Bomseok's Designation as Coupang Owner...Suspends Fair Trade Commission's Order
- "After Vowing to Become No. 1 Globally, Sudden Policy Brake Puts Companies’ Massive Investments at Risk"
- On Teacher's Day, a Student's Gifted Cake Had to Be Cut into 32 Pieces... Why?
District Mayor Moon In said, "With this ordinance amendment, we can provide practical assistance to small and medium enterprises facing difficulties in the region," adding, "We will continue to prepare various support measures so that small business owners and small and medium enterprises can become a strong pillar of the local economy."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
