Daejeon City Operates 'Self-Employed Doctor System' to Support Small Business Growth as a Stepping Stone

[Asia Economy (Daejeon) Reporter Jeong Il-woong] Daejeon City is promoting the ‘Self-Employed Doctor Program’ targeting local small business owners.

According to the city on the 18th, the Self-Employed Doctor Program is operated with the purpose of serving as a stepping stone for the business success of small business owners by expanding support funds for facility improvement and management improvement funds, and operating customized one-on-one consulting and education programs.

The city plans to first conduct education in tax, labor, and finance fields to strengthen the capabilities of small business owners, and support facility improvement costs of up to 3 million won for stores that need business environment improvement among those who complete all courses.

In addition, experts who have accumulated management know-how in each field will visit the site to conduct a preliminary diagnosis and provide consulting tailored to each store’s circumstances, including management techniques, sales channel marketing, and legal support, four times.

Interest and credit guarantee fees for management improvement funds for companies participating in the Self-Employed Doctor Program will also be supported.

For small business owners (applicants) who complete all stages of the program, management improvement funds of up to 20 million won will be provided as loans, and part of the loan interest (2%) and credit guarantee fees (1.1% annual rate, 25%) will be supported. The loan can be received on the condition of a 2-year grace period with lump-sum repayment.

The application period for participation in the Self-Employed Doctor Program is until the 31st of this month. The city plans to select 300 small business owners and prospective entrepreneurs in the jurisdiction on a first-come, first-served basis.

For more details, please refer to the Daejeon Job and Economy Promotion Agency website and the Daejeon City Hall website.

Go Hyun-deok, Director of the City’s Job and Economy Bureau, said, “We are operating the Self-Employed Doctor Program with significantly expanded support funds for local small business owners struggling due to the prolonged COVID-19 pandemic,” and added, “The city plans to continue discovering and expanding support projects to help increase sales of small business owners.”

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