Relaxation of Support Criteria for Gangwon-type Employment Social Responsibility '333 Fund'

Change to 'Loan Application Date', Define Regular Employees as 'Permanent Staff'

Gangwon-do Type Employment Social Responsibility Employment Creation and Maintenance Fund Support Business Agreement Ceremony [Provided by Gangwon-do]

[Asia Economy Reporter Ra Young-cheol] The support criteria for the Gangwon-type Employment Social Responsibility Employment Creation and Maintenance Fund, known as the '333 Fund,' will be relaxed.

According to Gangwon Province on the 13th, the revised support criteria include expanding the loan handling institutions, changing the requirement for new hires from "having an address in the province as of the hiring date" to "as of the loan application date," and clarifying the regulation that the number of regular employees applied when providing incentives refers specifically to full-time employees.

Regarding these changes, the province will implement a revised announcement on the 14th to expand the loan handling institutions from the existing 86 branches of five banks (NongHyup, Shinhan, Kookmin, Woori, Hana) to a total of 376 branches, including six commercial banks in Gangwon Province and 290 local agricultural and livestock cooperatives.

The province expects that the relaxation of criteria will increase the number of eligible applicants for the '333 Fund,' and anticipates that small and medium-sized enterprises and small business owners will conveniently apply for funds through the expanded loan handling institutions.

Park Kwang-yong, Director of the Economic Promotion Bureau of the province, said, "We expect many small and medium-sized enterprises and small business owners to welcome the revised announcement," adding, "We hope that the employment creation and maintenance fund (333 Fund) will be effectively utilized by small and medium-sized enterprises and small business owners in preparation for the 'With Corona' era."

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