SBC to Recruit Additional Lead Institutions for 'Private Investment-Linked Matching Loans' to Foster Raicon

Park Sung-hyo, Chairman of the Small Enterprise and Market Service.
[Photo by Yonhap News]

The Small Enterprise and Market Service announced on the 24th that it will additionally recruit lead institutions for the ‘Private Investment-Linked Matching Loan’ with investment and incubation capabilities for small business owners until September 13.

The Private Investment-Linked Matching Loan project is a new initiative this year, where lead institutions designated by the Small Enterprise and Market Service support policy funds as matching loans when investing or funding small business owners with growth potential, nurturing them into Raikon companies. Raikon stands for Lifestyle & Local Innovation Unicorn, referring to companies aiming for growth as lifestyle and local brands.

Eligibility includes financial investment firms or incubation investment specialized institutions possessing expertise in investment resources and investment performance related to small business owners. Two eligible institutions can also participate as a consortium.

The selected lead institutions will perform matching loan recommendations and incubation tasks for entrepreneurial small business owners. Small business owners recommended by the lead institutions will receive loans (direct loans) through the Small Enterprise and Market Service up to five times the investment amount (up to 500 million KRW).

The first recruitment of lead institutions was conducted in February, and this recruitment is the second additional round. Details can be found on the Small Enterprise and Market Service website.

Park Seong-hyo, Director of the Small Enterprise and Market Service, said, “The ‘Private Investment-Linked Matching Loan’ will be a stepping stone for small business owners with growth potential to leap into Raikon companies,” adding, “We will continue to strive to foster entrepreneurial small business owners.”

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