Jeonbuk Province to Accept 3rd Quarter Applications for 'Small and Medium Enterprise Development Funds' Starting Next Month 3rd

Different 'Application Dates' by Fund... 'Online Application Only' Available

Online Application 'Pre-Test Operation' for 2 Days on 29th~30th

Jeonbuk Province and the Jeonbuk Economic and Trade Promotion Agency (Director Lee Hyun-woong, hereinafter referred to as ‘Gyeongjinwon’) announced that applications for the 3rd quarter of the ‘Jeollabuk-do Small and Medium Enterprise Development Fund’ will begin on the 3rd of next month.

The application dates for each fund are as follows: ‘Startup and Competitiveness Enhancement Fund’ from the 3rd to the 5th of next month, ‘Management Stabilization Fund’ from the 12th to the 14th, and ‘Venture Business Development Fund’ from the 24th to the 26th, with applications accepted from 9 AM to 4 PM during each period. Applications can only be submitted online through the ‘Jeollabuk-do Small and Medium Enterprise Development Fund Integrated Management System,’ and on-site applications will not be accepted. To apply for the fund, registration as a member of the ‘Jeollabuk-do Small and Medium Enterprise Development Fund Integrated Management System’ is mandatory, so applicants should complete membership registration in advance to prepare.

Jeonbuk Provincial Economic and Trade Promotion Agency building. [Photo by Jeonbuk Provincial Economic and Trade Promotion Agency]

Additionally, Gyeongjinwon plans to operate a two-day online application pre-test period from the 29th to the 30th to enhance companies’ adaptability to online applications. Companies planning to apply for the 3rd quarter funds are encouraged to participate in the test.

Director Lee Hyun-woong stated, “We hope this will greatly help alleviate the financial difficulties of local small and medium enterprises struggling with rising interest rates,” and added, “Since there are many changes starting from the 3rd quarter, companies intending to apply for funds should be sure to check the updated details.”

Meanwhile, major changes starting from the 3rd quarter include the total loan scale, loan interest rates, and the fund application method. Detailed changes can be found on the Jeonbuk Province or Gyeongjinwon websites, and inquiries can be directed to the Gyeongjinwon Fund Support Team.

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