Ulju-gun Injects 30 Billion KRW into Small Business Management Stabilization Fund

On the 17th, Ulju-gun, Ulsan City announced that it will provide a total of 30 billion KRW in business stabilization funds this year to support local small business owners facing financial difficulties.

Ulju County Office.

Ulju-gun previously provided 20 billion KRW in business stabilization funds for small business owners last year and will increase the amount by 10 billion KRW this year. Additionally, the interest rate differential support rate has been expanded from 2.5% to 3%, and the support period extended from 2 years to 3 years, significantly enhancing the benefits.

This year, the business stabilization funds for small business owners will be provided in three installments of 10 billion KRW each in next month, June, and September. Each business can borrow up to 60 million KRW and will receive a 3% interest rate differential subsidy for 3 years.

Businesses wishing to apply can do so starting at 9 a.m. on the 4th of next month through the Ulsan Credit Guarantee Foundation website, with applications accepted on a first-come, first-served basis.

For more details, refer to the announcement on the Ulju-gun website or contact the Nam Ulsan Branch or Seoulsan Branch of the Ulsan Credit Guarantee Foundation.

An official from the county stated, “We hope this business stabilization fund will provide practical help to local small business owners struggling due to prolonged economic downturn and high interest rates,” adding, “We will continue to implement support policies for small business owners going forward.”

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