Jungjingong to Provide 700 Billion Won in Policy Funds Before and After Chuseok

Providing Liquidity to Small and Medium Ventures
Promoting Vitality in the Livelihood Economy

The Ministry of SMEs and Startups (Minister Lee Young) and the Small and Medium Business Corporation (Chairman Kang Seok-jin, hereinafter referred to as SBC) announced on the 11th that they will promote policy fund support worth 700 billion KRW to alleviate financial difficulties of SMEs and startups around the Chuseok holiday.

As part of the Chuseok livelihood stabilization measures, SBC plans to actively provide policy fund support during the two months of September and October, which are before and after Chuseok. In particular, by utilizing digital application procedures, non-face-to-face consultations, and electronic contracts, they plan to promptly support the resolution of financial difficulties and management stabilization of SMEs and startups.

Applications for the September policy funds can be submitted online through the SBC website. The detailed schedule allows applications from the 11th to the 12th for Seoul and other provinces, and from the 13th to the 14th for the Incheon and Gyeonggi regions. For more information, inquiries can be made to any of the 33 SBC regional headquarters and branches nationwide or the policy fund information call center.

Kang Seok-jin, Chairman of SBC, stated, "As domestic and international economic uncertainties deepen recently, policy support is necessary to overcome the complex crises faced by SMEs and startups," adding, "SBC will actively support as the frontline institution in the field to help SMEs and startups resolve liquidity difficulties around Chuseok."

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