Ulsan City Provides Management Stabilization Funds for SMEs... Total Fund Size 215 Billion KRW
[Asia Economy Yeongnam Reporting Headquarters Reporter Hwang Du-yeol] Ulsan City plans to provide 55 billion KRW in the '2022 2nd Small and Medium Enterprise (SME) Management Stabilization Fund.'
The SME Management Stabilization Fund is loaned through agreements with 13 financial institutions, and Ulsan City supports part of the loan interest (differentiated between 1.2% and 3%).
Applications for the fund will be accepted from the 20th to the 24th at the Ulsan Economic Promotion Agency.
For detailed information, refer to the announcements on the websites of Ulsan City and the Ulsan Economic Promotion Agency.
The total scale of this year's management stabilization fund is 215 billion KRW, with 145 billion KRW allocated to SMEs and 70 billion KRW to small business owners.
Starting this year, Ulsan City grants additional points to companies with job creation performance exceeding 30%, allowing them to receive priority support.
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Additionally, exemplary long-established companies that have contributed to Ulsan City's economic development for over 30 years will receive preferential 'support interest rates' to assist their business management.
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