Jungjingong Supports Rapid Recovery of SMEs Affected by Heavy Rain

Emergency Deployment of Ambulance Man
Support for Emergency Management Stabilization Fund

The Small and Medium Business Corporation (Chairman Kim Hak-do, hereinafter referred to as SBC) announced on the 27th that it will activate the 'Ambulance Man System' and the 'Disaster Rapid Response Team' to support companies affected by heavy rains during the monsoon season.

The Ambulance Man System operated by SBC provides prompt policy fund loans to small and medium enterprises affected by disasters. The Disaster Rapid Response Team visits affected companies within 5 days of damage reporting to coach on damage recovery measures and guide disaster support services available through local governments and related organizations.

Small and Medium Business Corporation

Small and medium enterprises damaged by natural disasters can receive emergency management stabilization funds for recovery costs. The loan has a limit of 1 billion KRW per company with a fixed interest rate of 1.9% per annum, and the loan period is 5 years (2 years grace period, 3 years installment repayment).

Small and medium enterprises wishing to apply for policy fund loans must report the damage to the city, county, or district (or town, township, or neighborhood) and submit a disaster confirmation certificate issued by the relevant local government to SBC. For more details, inquiries can be made to any of the 33 regional headquarters and branches nationwide or the policy fund information call center.

Kim Hak-do, Chairman of SBC, stated, "SBC will actively deploy Ambulance Men and collaborate with the Disaster Rapid Response Team to do its utmost to help affected companies quickly overcome the crisis caused by unexpected disasters."

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