Martial Arts Gwangju-Jeonnam Headquarters Accepts Applications for Trade Promotion Fund Loans

[Asia Economy Honam Reporting Headquarters Reporter Park Jin-hyung] The Gwangju-Jeonnam branch of the Korea International Trade Association is accepting loan applications for trade promotion funds from local small and medium export companies until the 11th.

The trade promotion funds can be used for emergency management stabilization funds, buyer discovery, obtaining patents and certification standards, overseas promotion, market research, export marketing funds, and purchasing raw materials for export. Loans are available up to 300 million KRW with a minimum annual interest rate of 2.0%, with a 2-year grace period followed by repayment in four installments in the third year.

Team Leader Kim Jae-ho said, "We hope that the trade promotion funds will contribute to the management stabilization of local small and medium export companies struggling due to COVID-19 and serve as emergency funds related to the Ukraine situation."

Applications can be submitted online through the KITA Trade Promotion Fund website of the Trade Association.

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