Home&Shopping Provides Interest-Free Loans Totaling 10 Billion KRW to Small and Medium Partner Companies
Implementation of the Win-Win Cooperation Fund Support System
Home&Shopping announced on the 29th that it is recruiting partner companies to participate in the 'Win-Win Cooperation Fund Support System (Interest-Free Loan)' in the second half of this year to promote mutual growth with small and medium-sized partner companies. Home&Shopping has been operating the interest-free loan system since the second half of 2022 to support small and medium-sized partners amid the recent economic situation of continued high interest rates.
The Win-Win Cooperation Fund Support System is operated with an annual budget of 10 billion KRW, and it plans to support up to 300 million KRW per partner company targeting small and medium-sized enterprises trading with Home&Shopping through broadcasts. Applications will be accepted for a total of two weeks until the 8th of next month, and selections will be made through a comprehensive evaluation of sales amount, broadcast performance, transaction period, credit rating, and other factors.
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A Home&Shopping official stated, "The reality is that the business environment for small and medium-sized enterprises is worsening due to the recent global economic downturn and high interest rate trend," adding, "We hope that the small and medium-sized enterprises trading with us will gain confidence to overcome difficulties through Home&Shopping's Win-Win Cooperation Fund Support System, which provides interest-free loans for 12 months."
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