If You Are a Self-Employed Person, "Get Bank Sector Management Consulting"

[Asia Economy Reporter Kim Jin-ho] On the 1st, the Financial Supervisory Service announced that it will provide comprehensive guidance on various financial support programs for self-employed individuals facing difficulties due to COVID-19, including management consulting services from the banking sector.

According to the Financial Supervisory Service, banks are offering management consulting services to prospective self-employed individuals preparing to start a business and those who need operational know-how. Experts in each field provide consulting in six areas, including startup procedures, commercial area analysis, funding, and operational know-how.

Consulting applications and inquiries can be made by visiting bank branches or by phone. Some banks also offer consulting linked with related organizations such as the Small Enterprise and Market Service and regional Credit Guarantee Foundations.

They also introduced financial support programs for small business owners affected by COVID-19. Emergency loans are available up to a limit of 20 million KRW. In particular, small business tenants in restricted business sectors can receive additional loans up to 10 million KRW.

For self-employed individuals burdened by debt repayment and worried about delinquency, a Financial Difficulty Counseling Center is operated. They can use the Financial Difficulty Counseling Center for Small and Medium Enterprises of the Financial Supervisory Service or the banking sector’s financial difficulty counseling team. Various support measures such as loan maturity extensions and interest payment deferrals for small business owners affected by COVID-19 are available.

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