Sejong-si Provides Additional 10 Billion Won Funding Support for Small Business Owners

Sejong City announced on the 6th that it will provide an additional 10 billion KRW in small business funds (Q1) to stabilize the management of local small business owners.

The additional small business funds were allocated using the available funds generated during the guarantee review process from the Q1 applications submitted last month.

The support targets small business owners registered within the city, with a loan limit of up to 50 million KRW per business. Small business owners recommended through the review will receive interest support (1.45% to 1.7%) covered by the city.

Applications will be accepted on a first-come, first-served basis starting at 9 a.m. on the 10th of this month through the Sejong Credit Guarantee Foundation website. In-person applications are also available only for customers who have difficulty applying online.

Following this month’s support, the city plans to regularly supply a total of 60 billion KRW in small business funds in May, August, and November.

Namgung Ho, Director of the Economic and Industrial Bureau, said, “We hope that local small business owners struggling with high interest rates and high prices can receive some help through this support,” and added, “The city will continue to monitor funding demand to ensure timely support.”

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