Seongbuk-gu Provides 200 Million KRW Loan Support from Food Promotion Fund to Food Hygiene Businesses

Facility Improvement Fund, Loan for the Purpose of Restroom Facility Improvement Fund

[Asia Economy Reporter Jong-il Park] Seongbuk-gu (District Mayor Lee Seung-ro) is investing food promotion funds to support facility improvement funds in order to enhance the hygiene level of food sanitation businesses in the area.

The food promotion fund is loaned for the purpose of facility improvement funds and restroom facility improvement funds.

In the case of facility improvement funds, the loan targets are food manufacturing and processing businesses, food service establishments, etc., registered in Seongbuk-gu, and funds are provided for repairs, renovations, and installation of machinery and equipment necessary for business operations. However, businesses that manufacture, sell, or cook objectionable foods, establishments mainly selling alcoholic beverages such as hof houses and sojubangs, and businesses that have already received loans from the fund and are currently repaying are excluded.

Restroom facility improvement funds can be supported by all food service establishments, including those excluded from the facility improvement fund loans.

The total loan amount for this year is 200 million KRW. The loan conditions for facility improvement funds are 2% per annum with a 1-year grace period and 3 years of equal repayment, and restroom facility improvement funds are 1% per annum with a 1-year grace period and 2 years of equal repayment. Each fund covers up to 80% of the total cost of the facility improvement.

Businesses wishing to apply for loans must first confirm loan eligibility through prior consultation with financial institutions before applying.

The announcement and application documents can be found on the Seongbuk-gu Office website, and applications are accepted at any time until the 2021 budget is exhausted. Applicants should submit the application form and related documents to the Health and Hygiene Division on the 7th floor of the Seongbuk-gu Public Health Center.

Lee Seung-ro, Mayor of Seongbuk-gu, said, “We expect that this food promotion fund loan support will improve the hygiene level of food sanitation businesses in Seongbuk-gu, and hope that residents can use food sanitation establishments in a more hygienic environment.”

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