Jangseong-gun Accelerates Support for Small Business Owners Including Store Rent Assistance

[Jangseong=Asia Economy Honam Reporting Headquarters Reporter Jo Hangyu] Jangseong-gun, Jeollanam-do is intensifying support for small business owners through store rent, loan interest difference compensation, credit guarantee fee support, and store management improvement.

Jangseong-gun Office Building Exterior
[Photo by Jangseong-gun]

According to the county on the 14th, the store management improvement support is a project to enhance competitiveness by improving internal facilities of the business such as interior and lighting, and supports 50% of the total project cost up to a maximum of 5 million KRW.

Since it aims to improve facilities of aging stores, only small business owners who opened before February 1, 2020, and have operated the business for more than three years can apply.

Conversely, store rent support targets small business owners who have been leasing and operating stores since January 31, 2020, including initial startups.

The county supports store rent up to 4 million KRW per year for small business owners who meet the eligibility criteria.

Loan interest difference compensation and credit guarantee fees can be applied for by any small business owner who has never received support before, regardless of the opening period.

The loan interest difference compensation supports 3% of the interest up to 2 million KRW annually for a maximum of three years.

The credit guarantee fee supports the credit guarantee fee from the guarantee institution up to 1 million KRW within a three-year period.

Small business owners wishing to apply must visit the county’s Job and Economy Office with the application form and necessary documents by the 3rd of next month to submit them.

It is advisable to remember that there are industry restrictions when applying.

Small business owners in manufacturing, construction, and transportation industries cannot apply for store rent support, loan interest difference support, or credit guarantee fee support.

However, the store management improvement support project does not impose separate restrictions based on industry.

For more details, refer to the notice on the Jangseong-gun website.

County Governor Kim Hanjong said, “We will continue to focus on stabilizing people’s livelihoods and revitalizing the local economy by providing continuous support to small business owners.”

Jangseong=Asia Economy Honam Reporting Headquarters Reporter Jo Hangyu baekok@asiae.co.kr

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