Chungnam, Boryeong and Seocheon Small Business Loan Interest Subsidy Up to 2%

[Asia Economy (Naepo) Reporter Jeong Il-woong] A portion of the loan interest subsidy for small business owners in the Boryeong and Seocheon areas of Chungnam will be supported.

On the 24th, Chungnam Province announced that Governor Yang Seung-jo of Chungnam, Park Hyung-gu, President of Korea Midland Power, and Yoo Sung-jun, Chairman of the Chungnam Credit Guarantee Foundation, gathered to sign a "Small Business Financial Support Agreement" with this content.

The agreement includes provisions for the province to support interest subsidies of up to 2% on loans for small business owners, small enterprises, and social economy companies in Boryeong and Seocheon.

Additionally, Korea Midland Power will donate 200 million KRW to the Chungnam Credit Guarantee Foundation, which will issue a total of 2.4 billion KRW in credit guarantees to small business owners, small enterprises, and social economy companies located in Boryeong and Seocheon, and mutually cooperate by setting the guarantee fee at an annual rate of 0.8%.

Governor Yang Seung-jo of Chungnam said, "It is a reality that the management conditions of small business owners, small enterprises, and social economy companies are difficult due to prolonged recession such as the domestic economic downturn," adding, "At times like these, Korea Midland Power's donation will play a role like a timely rain for the stabilization of corporate management."

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